Question

A shopkeeper buys a stove from a manufacturer for $100.The selling price if he makes a profit of 15%

Answer 1

Answer:Selling Price = $115

Explanation:

Selling price = Cost price + Profit

Cost price = $100

Profit = 15% = 15% x 100 = $15

Selling Price = $100 + $15= $115

OR

Selling Price = Cost price + Profit

Selling Price =$100 + (15% of $100)

Selling Price = $100+ $15

= $115.