Question

BY SELLING AN ARTICLE FOR $10.80, A SHOPKEEPER MAKES A PROFIT OF 8%. WHAT SHOULD BE THE SELLING PRICE FOR A PROFIT OF 20%?

Answer 1

$27.00

Explanation:

8 : 20 = 10.80 : x

x = 20 * 10.80 / 8

x = 5 * 10.80 / 2

x = 5 * 5.40

x = $27.00