Question

A trader bought 150 articles for $270.00. If he made

profit of 27%, find the selling price for each article

Answer 1

$2.29

Explanation:

$270 + 27% = $270 + (270 * 0.27)

= $270 + 72.9

= $342.9

$342.9 was the total selling price, but there are 150 articles.

$342.9 / 150 = $2.286

= $2.29 (Currency is rounded to two decimal places)