Question

Q2. Find SP when CP = 425 and Profit = 8%​

Answer 1

Answer:

CP = $ 750 and SP = $ 875.

Since (SP) > (CP), Mike makes a gain.

Gain = $ (875 - 750)

= $ 125.

Gain% = {(gain/CP) × 100} %

= {(125/750) × 100} %

= (50/3) %

= 16 (2/3) %

Answer 2

425 + (8% of 425) = SP

425(CP) + 34(Profit) = 459(SP)

Answer is 459

Hope this helped

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