Question

An article is $68000 and sold at a profit of 14%. Find the selling price

Answer 1

The selling price is:
`\$77,520`

Explanation:

Step 1: Identify the profit made

A profit of 14% is made on the article.

This means that the article was sold at a price that had 14% of its original price added to it.

The 14% of the original price is:

`14\% * 68000\\=(14)/(100)* 68000\\\\\text{Calculate the value}\\(14)/(100)* 68000\\=9520`

So, a profit of $9520 was made

Step 2: Calculate the selling price

The selling price will be the sum of the original price and the profit.

The selling price is:

`68000+9520\\=77520`