Question

If you bought a cell-phone from a retailer for $150 (retailer kept a profit margin of 20%), and the cell-phone manufacturer wanted to make 10% profit, then the target cost for that cell-phone is:

Answer 1

I bought at $150

150 = 120%

100% = 150×100/120 = $125

$125 cost at which retailer bought

110% = $125

target cost price = 125×100/110

= $113.63 {approx}

Hope it Helps

Follow