Question

At what price should Emma sell her dress if she bought it for $4000 and wants a profit for 20% ?

Answer 1

=> Cost price of dress = 4000

=> Wanted profit = 20 %

=> 20 % of 4000

=> 200/100 × 4000

=> 2 × 4000

=> 8000

=> CONSIDER selling price as X

=> Profit = Selling price - Cost price

=> 8000 = X - 4000

=> 8000 + 4000 = X

=> X = 12000

Therefore she needs to sell the dress in $ 12000 to get the profit of 20%