Question

A shopkeeper buys a stove from a manufacturer for $960.00. Calculate the selling if he makes a profit of 15% and the selling price if he makes a loss of 15%.

Answer 1

Answer:

$your \: answer \: is \: as \: follows \\ cp = 960 \\ profit \: = 15\% \\ sp = \frac{100 + profit\%}{100} \times cp \\ \\ sp = \frac{115}{100} \times 960 \\ sp = 1104 \\ \\ now \\ cp = 960 \\ loss = 15\% \\ sp \: = \frac{85}{100} \times 960 = 816 \\ hope \: it \: helps \: you$