The answer to 14 I don't understand how to classify it
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Answer:
Rs. 7245
Step-by-step explanation:
Given parameters:
Cost price = Rs. 6300
Percentage profit = 15%
Unknown:
Selling price = ?
Solution:
If profit is made on a trade, the selling price is higher than the cost price.
Profit = Selling price - Cost price
To find the selling price simply;
Selling price =( 1 + ) x cost price
Selling price = 1.15 x 6300 = Rs. 7245