Question

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

Answer 1

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

Hope this helps!