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charle [14.2K]
2 years ago
8

BY SELLING AN ARTICLE FOR $10.80, A SHOPKEEPER MAKES A PROFIT OF 8%. WHAT SHOULD BE THE SELLING PRICE FOR A PROFIT OF 20%?

Mathematics
1 answer:
kodGreya [7K]2 years ago
5 0

To make a profit of 20% the article should be sold for $12.1

<h3>How to calculate the new selling price </h3>

The new selling price will be solved by comparing the percentage increment with the old selling price

The selling price is $10.8 and the profit is 8%

The cost of the item is gotten from the profit percent as below

10.8 * 0.08 = 0.864 (profit)

cost price + profit = selling price

cost price = selling price - profit

cost price = 10.8 - 0.864

cost price = 9.936

comparing the percentages

8% profit is 0.864, 20% profit will be

8 = 0.864

20 = ?

cross multiplying

8 * ? = 20 * 0.864

? = 2.16

The new selling price

= cost price + profit

= 9.936 + 2.16

= 12.096 approximately $12.1

Learn more about profit percent here:

brainly.com/question/26536051

#SPJ1

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Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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