Question

A trader bought a bag for 125.00 Dollars .He later sold it at a profit of 30%. What was his selling price?

Answer 1

Answer: 162.50

Explanation:

The trader's profit can be calculated as follows:

Profit = 30% of 125.00 Dollars

Profit = 0.3 * 125.00 Dollars

Profit = 37.50 Dollars

The trader's selling price would be the sum of his purchase price and profit:

Selling price = Purchase price + Profit

Selling price = 125.00 Dollars + 37.50 Dollars

Selling price = 162.50 Dollars

Therefore, the trader's selling price was 162.50 Dollars.