Question

By selling an article for $10.80 a shop keeper makes a profit of 8% what should be the selling price for a profit of 20%?

Answer 1

he makes 8% profit by selling an item at $10.8

8% tax (increase) = 1.08

price excluding tax: 10.8/1.08=$10

he wants to make a profit of 20% he must sell 10*1.2=$12

Explanation: