166k views
4 votes
A vase is bought for $23.50, which includes a profit of 17.5%.
Calculate the amount of profit.​

2 Answers

4 votes

Answer:

Step-by-step explanation:1

For you the vase is for 23.50 including a 17.5% of profit which means,

C+17.5%×C=23.50

Or,

C=20

So, the shopkeeper or the seller purchased the vase in 20 and sold it to you in 23.50.

Profit: 3.50

User Jjoelson
by
7.2k points
3 votes

Answer: $4.11

Explanation:

Given the cost of vase as 23.50 including a 17.5% of profit, this means.

17.5% of 23.5= 17.5/100 × 23.5

= 0.175 x 23.5

= 4.113

Profit amount = $4.1

Hence the amount of profit is $4.1, buying cost = Selling Cost of vase - profit amount

19.39 = 23.50 - 4.113.

I hope this helps.

User Pieter De Clercq
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories