Find the selling price if the cost price is 16,000 and the profit /loss percent is 9 percent
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Answer:
The selling price if the cost price is 16,000 and the profit is 9 percent is 17440
the selling price if the cost price is 16,000 and the loss is 9 percent is 14560
Step-by-step explanation:
formula to calculate the selling price for Profit is
\frac{\cos t\;price\times(\;100+percentage\;profit)}{(100)}
cost price is 16,000
when the Profit is 9%
\frac{16000\times(\;100+9)}{(100)} = 17440
When the loss is 9 %
formula to calculate the selling price for loss is
\frac{\cos t\;price\times(\;100-percentage\;profit)}{(100)}
\frac{16000\times(\;100-9)}{(100)} = 14560
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