Question

A trader made a profit of 24% by selling an article for #372 how much should he have sold it to make a profit of 48%

Answer 1

Answer: #444

Step-by-step explanation:

First find the original selling price of the article.

When sold for #372 the profit was 24%. Assume the original price is x.

372 = x + 24% * x

372 = 1.24x

x = 372 / 1.24

= #300

If he wanted to make a profit of 48% he should have sold for:

= Original price + (original price * 48%)

= 300 + (300 * 48%)

= #444