Question

Cost price=38 and profit 15%find the selling price and profit​

Answer 1

Selling price (S) = 43.7

Profit = 6.7

Explanation:

Given parameters:

Cost price = 38

Profit = 15%

Unknown:

Selling price = ?

Profit = ?

Solution:

The selling price is the amount a particular good is sold.

  Selling price = Cost price + profit

The profit is the gain on goods sold.

    Profit = Selling price - cost price

We have been given the profit percent;

   %Profit = $\frac{S.P - C.P }{C.P }$  x 100

 15 =  $\frac{S - 38}{38 }$  x 100

 

  Selling price (S) = 43.7

 Profit = selling price - cost price = 43.7 - 38.00 = 6.7

 

   

Learn more:

Business brainly.com/question/4522984

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