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%
1 answer:
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
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