Question

A shop buys pairs of trainers for £18 each.
They sell them to make a 30% profit on each pair.
What is the selling price of the trainers

Answer 1

Answer:

Cost price = £18

Selling price = ?

Profit %= 30%

Profit% = (profit ÷ Cost price) × 100

⇒ 30 = (profit ÷18) × 100

⇒profit = (30 x 18) ÷ 100

⇒540÷100

⇒ 5.4

Profit=5.4

Selling price = Cost price + profit

Selling price = 18 + 5.4

⇒£23.4

Step-by-step explanation:

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Answer 2

Answer:

Cost price = £18

Selling price = ?

Profit %= 30%

Profit% = (profit ÷ Cost price) × 100

⇒ 30 = (profit ÷18) × 100

⇒profit = (30 x 18) ÷ 100

⇒540÷100

⇒ 5.4

Profit=5.4

Selling price = Cost price + profit

Selling price = 18 + 5.4

⇒£23.4