Question

A SHOPKEEPR BUYS A STOVE FROM A MANUFACTURE FOR $100 CALCULATE A) THE SELLING PRICE IF HE MAKES A PROFIT OF 15% B) THE SELLING PRICE IF HE MAKES A LOSS OF 15%

Answer 1

Answer:

$115 and  $85

Step-by-step explanation:

Whenever there is a profit:

       SP = CP + profit

Whenever there is a loss:

      SP = CP - loss

A): If he makes a profit of 15% of $100,

 SP = $100 + (15% of $100)

       = $100 + (15/100 * $100)

       = $100 + $15

       = $115

B): If he makes a loss of 15% of $100:

  SP = $100 - (15% of $100)

        = $100 - $15

        = $85

Answer 2

Answer:

Given :-

A SHOPKEEPR BUYS A STOVE FROM A MANUFACTURE FOR $100 CALCULATE

To Find :-

THE SELLING PRICE IF HE MAKES A PROFIT OF 15% B) THE SELLING PRICE IF HE MAKES A LOSS OF 15%

Solution :-

We know that

SP = (100 + Profit%/100) × CP

SP = (100 + 15/100) × 100

SP = 115/100 × 100

SP = $115

Now,

SP = (100 - Loss%/100) × CP

SP = (100 - 15/100) × 100

SP = 85/100 × 100

SP = $85