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stiv31 [10]
1 year ago
8

A car with a cost price of $5200 is sold at a profit of 15%. Calculate the selling price

Mathematics
1 answer:
andriy [413]1 year ago
5 0

Answer:

We are given the initial price of a car and we are also told that the car sold for a 15% profit which means that the price that the car was sold for is 15% more than it's initial price.  This is just a simple multiplication problem which we multiply the initial price by the total percentage plus 0.15

Sold\ Price = Initial\ Price *(Total\ Percentage+Profit\ Percentage)

Sold\ Price = \$5200*(1+0.15)

Sold\ Price = \$5200*(1.15)

Sold\ Price = \$5980

Therefore, our final answer is that the selling price was $5980

<u><em>Hope this helps! </em></u>

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