Question

a entrapeneur buys a computer game from a manufacturer for $957.Calculate the selling price if h3 makes a profit of 12.5%​

Answer 1

Given:

Cost of computer game = $957

Profit = 12.5%

Question:

Find the selling price

Answer:

State the cost price:

Cost Price = $957 (Given)

State the profit:

Profit = 12.5% of Cost Price (Given)

Convert the profit from percentage to decimal:

12.5% = 0.125

Find the profit:

Profit = 0.125 x $957

Profit = $119.63 (nearest cent)

Find the selling price:

Selling Price = Cost Price + Profit

Selling Price = $957 + $119.63

Selling Price = $1076.63

Answer: The selling price is $1076.63.

Answer 2

Given:

Cost of computer game = $957

Profit = 12.5%

Question:

Find the selling price

Answer:

State the cost price:

Cost Price = $957 (Given)

State the profit:

Profit = 12.5% of Cost Price (Given)

Convert the profit from percentage to decimal:

12.5% = 0.125

Find the profit:

Profit = 0.125 x $957

Profit = $119.63 (nearest cent)

Find the selling price:

Selling Price = Cost Price + Profit

Selling Price = $957 + $119.63

Selling Price = $1076.63

Answer: The selling price is $1076.63.