By selling an article for N45.00 a man makes a profit of 8%. For how much should he have sold it in order to make a profit of 32%?
N180.00
N59.00
N63.00
N58.00
N55.00
Explanation
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Discussions (7)
if the man made 8% when he sold at 45...
it simply means the original price is not 45... but 45- profit
find the profit
8% = x
100% = 45 - x
(% cancels out)
if you solve for x, you'll get 3.33 (the profit)
the original price = (45 - 3.33) => 41.67
now you can find how much he should have sold to make 32% profit
simply do:
if 100% = 41.67
132% = x
x = (132% x 41.67) ÷ 100%
(% cancel each other out)
x = 55.004,
approximately 55
In the question the profit given was 80% but in the explanation the profit was 8%
Given Values
Selling price (SP1) = N45.00
Profit percentage (P1) = 8%
Desired profit percentage (P2) = 32%
Calculate Cost Price (CP)
Let's find the cost price:
SP1 = CP + (8% of CP)
45 = CP + 0.08CP
45 = 1.08CP
CP = 45 / 1.08
CP = N41.67
Calculate New Selling Price (SP2)
SP2 = CP + (32% of CP)
= N41.67 + 0.32(N41.67)
= N41.67 + N13.33
= N55.00
The man should sell the article for N55.00 to make a profit of 32%.
Ya solving is wrong even no answer.cp= sp x profit
= 45x180/100
= #81
Sp at 32% = cpxprofit
= 81 x 132/100
#106.92
