Question

Mr Robert bought a gas cooker from a manufacturer for $860 what is the selling price if he makes a profit of 15%

Answer 1

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Answer 2

Answer:

Given :-

A SHOPKEEPR BUYS A STOVE FROM A MANUFACTURE FOR $100 CALCULATE

To Find :-

THE SELLING PRICE IF HE MAKES A PROFIT OF 15% B) THE SELLING PRICE IF HE MAKES A LOSS OF 15%

Solution :-

We know that

SP = (100 + Profit%/100) × CP

SP = (100 + 15/100) × 100

SP = 115/100 × 100

SP = $115

Now,

SP = (100 - Loss%/100) × CP

SP = (100 - 15/100) × 100

SP = 85/100 × 100

SP = $85