Question

Realizes that his shopkeeper has been selling watches at a loss of 12%. The

cost of a watch was N$240. Calculate the selling price.

Answer 1

The selling price of the watch is N$211.20.

Explanation:

Step - 1:

The loss percentage is 12%, which means the shopkeeper is selling the watch at 88% of its original cost (100% - 12% = 88%).

Step - 2:

Now, we can set up the equation to find the selling price:

SP = Cost of the watch - Loss

SP = N$240 - 12% of N$240

Step - 3:

First, calculate 12% of N$240:

12% of N$240 = (12/100) * N$240 = N$28.80

Step - 4:

Now, subtract the loss from the cost to find the selling price:

SP = N$240 - N$28.80

SP = N$211.20

So, the selling price of the watch is N$211.20.