Question

Sean bought a laptop and a printer. He sold both items for £1,500 getting £1,300 just for the laptop. Sean made a 46% profit on the cost of the printer. What was the cost of the printer? Give your answer to 2 decimal places.

Answer 1

Answer: £137

Explanation:

Since Sean sold both items for £1,500 getting £1,300 just for the laptop, the slave price of the printer will be:

= £1500 - £1300

= £200

Since we are informed that Sean made a 46% profit on the cost of the printer, the cost of the printer goes thus:

= £200 /(1 + Profit percent)

= £200 / (1 + 46%)

= £200 / 1.46

= £136.99

= £137 approximately