Question

A wrist watch costs #8 000:00. At what price will kunle sell it to make a profit of 20%.

Answer 1

Step-by-step explanation:

C.P of wrist watch = 8,000

Profit = 20% of 8,000

= 20/100 × 8000

So profit = 1,600

Selling price = C.P + Profit

= 8,000 + 1600

= rs. 9,600

So Kunle will sell the watch for rs. 9,600 to make a profit of 20%.

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