Question

A kind of tape is selling at a profit of 12% of selling price, equal to 18 per yard. What is the selling price of the tape?

Answer 1

Given :

• A kind of tape is selling at a profit of 12% of selling price, equal to 18 per yard. What is the selling price of the tape?

To Find :-

• selling price of the tape

Formula :-

$\red\rightarrow \tt\frac{profit}{profit \: parentage}=selling \: price$

Solution :-

$\rightarrow$ $\tt \frac{18}{12}$

$\rightarrow\tt { \cancel\dfrac{18}{12}}$

$\rightarrow\tt {Selling \: price = 1.50}$

Hence

• The final answer is 1.50.

Answer 2

Given:

A kind of tape is selling at a profit of 12% of the selling price, equal to 18 per yard.

To find:

The selling price of the tape.

Solution:

The selling price of the tape is 150/-.

We can solve the above mathematical problem using the following approach.

The selling price is the price at which an object is sold.

We know that, ${\text {Selling price} = \frac{\text {profit}}{\text {profit percentage}}$

According to the question, Profit = 18 per yard and profit percentage = 12%.

So, Selling price = $\frac{18}{0.12}$ = 150/-.

Therefore, the selling price of the tape is 150/-.