Question

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

Answer 1

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

Answer 2

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.