by selling an item at $20.70, a trader makes a profit of 15%. at what price should he sell the item so as to make a profit of 35

Question

MrMuchimi

2 years ago

9

by selling an item at $20.70, a trader makes a profit of 15%. at what price should he sell the item so as to make a profit of 35

%

Mathematics

2 answers:

pashok25 [27] · Answer 1 · 2022-12-08T06:48:59+03:00

$24.30

If something is sold at a profit of 15%, we write that percentage as 0.15. When we’ve added that to the whole amount we got the percentage from, we wrote that as 1.15 (115%)

If x is the cost of the item
1.15x = 20.70
Divide both sides by 1.15
x = 18

If the item originally cost 18, and we want a 35% profit, that’s 135% of the cost, or 1.35 as a decimal
18 x 1.35 = $24.30

Alisiya [41] · Answer 2 · 2022-12-08T04:44:06+03:00

Alisiya [41]2 years ago

4 0

Answer:

24.3 i think

Step-by-step explanation:

x * 1.15=20.7

20.7/1.15=18

18 * 1.35=24.3