Question

A trader bought a bag for ghc 150 and he later sold it at a profit of 30%. What was the selling price?

Answer 1

Answer:

Cost Price = GHC 150

Profit = 30%

∴ Selling Price = Cost Price (1 + $\frac{Profit}{100}$)

                       = GHC {150 ( 1 + $\frac{30}{100}$)}

                       = GHC {150 x $\frac{130}{100}$}

                       = GHC 195 (ANSWER)

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