a shopkeeper buys a washing machine for 480 euros find the sale price if the shopkeeper is to make a profit of 5%
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Answer:
The selling price is 504 euros
Step-by-step explanation:
Given :
Shopkeeper buys a washing machine for 480 euros
profit = 5%
To find :
The selling price
Solution :
★ Formula of selling price :
selling price = cost price (100 + profit %) \ 100
selling price = 480 (100 + 5) \ 100
⇒ 480 (105) \ 100
⇒ 480 × 1.05
⇒ 504
∴ The selling price is 504 euros
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