Question

A trader bought 5 bags of rice for GH₵210.00 each if he sold them at a profit of 20% what was the selling price . pls give the step by step explanation​

Answer 1

Every one bag of rice cost
= GH₵ 210

Hence 5 bags cost
= 5 x 210
= GH₵ 1050

The trader sold them at a profit of 20% of the cost price

Hence the profit made
= 20% x 1050
=(20/100) x 1050
= GH₵ 210

The selling price
= cost price + profit
= 1050 + 210
= GH₵ 1260