Question

Janelle makes a profit of 10% when she sells a bag for $900

i. What is the cost price? ii. find out how much she should have sold it for to make a profit of 15%​

Answer 1

i. 818.18

ii. 940.9

Explanation:

SP = 900

or, CP + 10% of CP = 900

or, CP + 10/100 × CP = 900

or, 110CP = 90000

or, CP = 90000/110

CP = 818.18

for profit= 15%

SP = 9000/11 + 15% of 9000/11

= 940.9