Express answer in exact form. Show all work for full credit.
1 answer:
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Answer: $57.6
Step-by-step explanation:
Given : A businesswoman sells a bag for $52.32.
Let cuurent selling price : SP = $52.32
As they are making 9% profit now.
That means SP= Cp +0.09 CP , where Cp is the cost price of bag.
i..e
i..e Cost price of bag = 48
Selling price to gain 20% profit = Cp+0.20CP
= CP(1+0.20)
=48 (1.20)
= 57.6
Hence, the selling price the businesswoman should ask in order to make 20% profit = $57.6