Answer: $57.6
Step-by-step explanation:
Given : A businesswoman sells a bag for $52.32.
Let cuurent selling price : SP = $52.32
As they are making 9% profit now.
That means SP= Cp +0.09 CP , where Cp is the cost price of bag.
i..e ![52.32=Cp(1+0.09) \ \text{[Substituted value of SP in LHS and taking Cp common outside in RHS]}](https://tex.z-dn.net/?f=52.32%3DCp%281%2B0.09%29%20%5C%20%5Ctext%7B%5BSubstituted%20value%20of%20SP%20in%20LHS%20and%20taking%20Cp%20common%20outside%20in%20RHS%5D%7D)
i..e Cost price of bag = 48
Selling price to gain 20% profit = Cp+0.20CP
= CP(1+0.20)
=48 (1.20)
= 57.6
Hence, the selling price the businesswoman should ask in order to make 20% profit = $57.6
Answer:
x=9
Step-by-step explanation:
Answer:
Step-by-step explanation:
Explanation:
Pair 1 is true if Jeff's monthly income is $600/20% = $3,000.
Pair 2 is true if Jeff's monthly income is $1200/10% = $12,000.
Both pairs can be true if Jeff's monthly income increased by a factor of 4 in the 20 years from 1990 to 2010.
Obviously, Jeff spent more on housing in 2010. (Fortunately for Jeff, that larger expenditure was a smaller fraction of his income.)
