Question

Percentages and is

An article costing GH 2000.00 is sold at a
profit of 60%. Calculate the selling price
of the article.​

Answer 1

GH 5000

Explanation:

Given data

Cost price= GH 2000.00

Percent profit= 60%

Sales price =???

The sale price can be found as

% profit= sale-cost/sale*100

60= sale-2000/sale*100

60= 100*sale-200000//sale

60*sale= 100sale-200000

1000sale-60sale= 200000

40sale= 200000

sale= 200000/40

sale= 5000

Hence the sales price = GH 5000