A trader bought an item for 150 Rs at what price should he sell it to make a 15% profit?
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Answer:
He must sell it for 172.5 rupees
Step-by-step explanation:
The profit will be Selling price (SP) - Cost price(CP)
profit percentage = profit/CP * 100 = 15
Therefore Profit = 0.15 * CP = 150 * 0.15 = 22.5
Therefore SP = CP + profit = 150 + 22.5 = 172.5 Rupees
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