Diana bought a car for $5000 and plans to sell it to make a 20% profit. What should she sell it for to make the profit she desires?
5000 * 1.20 = ?
20% of 5,000 is 1,000
To find out how much Diana should sell the car for to make a 20% profit, we need to calculate the profit amount and add it to the original cost of the car.
Step 1: Calculate the profit amount
20% of $5000 = (20/100) * $5000 = $1000
Step 2: Add the profit amount to the original cost
$5000 + $1000 = $6000
Therefore, Diana should sell the car for $6000 to make the desired 20% profit.
To determine the selling price Diana should set in order to make a 20% profit, we need to calculate 20% of $5000 and then add it to the original price.
Step 1: Calculate the profit amount
To find 20% of $5000, we multiply the original price by 20% (or 0.20).
Profit amount = $5000 * 0.20 = $1000
Step 2: Add the profit amount to the original price
To determine the selling price, we add the profit amount to the original price.
Selling price = Original price + Profit amount
Selling price = $5000 + $1000 = $6000
Therefore, Diana should sell the car for $6000 in order to make the desired 20% profit.