Quandaries and Queries
 


hi sir/madam

iam mohamed 10-12

i want to ask you :

(if i bought some thing with 100$ and the saller told me that his profit was 30% how can i know the actual price of the good)

thanks

Mohamed



Hi Mohamed,

The seller bought this item for some amount you don't know, So I am going to call it x$. He then added 30% of this amount (that is his profit) and the resulting price was 144$. Thus

x + 30% of x is 100, or

x + 30/100 x = 100
 30/100 is 0.3 so x + 0.3x = 100, which is 1.3 x = 100, so
x = 100/1.3 = 76.92$

Penny


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