A shopkeeper sells an article at a profit of 10%. If the article costs him 960, find its selling price.
Find the selling
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Step-by-step explanation:
Profit the shopkeeper made:
Y is 10% of 960
Equation: Y = P% * X
Solving our equation for Y
Y = P% * X
Y = 10% * 960
Converting percent to decimal:
p = 10%/100 = 0.1
Y = 0.1 * 960
Y = 96
Selling price= price of the article + profit he made:
960+96=1056
Or you can use another method
960 plus 10% is what?
960 plus 10% is Y
Equation:
X + (X × P%) = Y
X(1 + P%) = Y
Solving our equation for Y
Y = X(1 + P%)
Y = 960(1 + 10%)
Converting percent to decimal:
p = 10%/100 = 0.1
Y = 960 ×(1 + 0.1)
Y = 960×(1.1)
Y = 1056
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