Question

Antonio buys persian rugs and then resells them for 150%

of his cost. If he bought a 4' by 9' rug $120, for how much
will he resell it?

Answer 1

$180

Explanation:

So first we need to know that 100% would be $120 because that was 100% of the price. Selling it for half the price is the same as selling it for 50%. So what we will be doing is we are going to sell the whole carpet - we are just going to sell it for half of $120. Now we need to thinking what would half the price be because half the price is the same as 50%. So 120/2 = $60 so if we have 100 percent (so $120) plus 50% (which is $60) the total we sold it for would be $180. Therefore our final answer would be $180.