Question

If a book costs N10,000, at what price will the book be sold to make a profit of 15%?

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Answer 1

11,500

Explanation:

cost price of a book (CP) = 10000

profit percent = 15%

selling price of a book (SP) = ?

SP = CP + profit% of CP

=10000 + 15 / 100 * 10000

=1000000 + 150000/100

=1150000/100

=11500

Therefore, the book will cost 11,500

Answer 2

Here,
We have,
Cost price of a book (CP) = N10,000
Profit percent (p%)= 15%
Now,
Using profit percent formula we get,
P% = (Sp-Cp)/ Cp*100
15 = (Sp-10,000)/10,000*100.
15*10000=100Sp-1000000
150000+1000000=100Sp
1150000/100=Sp
Sp=11500

Hence,
A book should be sold at 11500