A trader bought a bag for 125.00 Dollars .He later sold it at a profit of 30%. What was his selling price?
The trader's profit can be calculated as follows:
Profit = 30% of 125.00 Dollars
Profit = 0.3 * 125.00 Dollars
Profit = 37.50 Dollars
The trader's selling price would be the sum of his purchase price and profit:
Selling price = Purchase price + Profit
Selling price = 125.00 Dollars + 37.50 Dollars
Selling price = 162.50 Dollars
Therefore, the trader's selling price was 162.50 Dollars.
How about just 1.30 * 125 = 162.50
Yes, that is correct as well. The trader can calculate the selling price by adding the profit to the original purchase price, or by multiplying the purchase price by a factor equal to 1 + the profit percentage. In this case, since the profit was 30%, the factor is 1 + 0.3 = 1.3. Using this factor, we get:
Selling price = 1.3 * 125.00 Dollars
Selling price = 162.50 Dollars
So the trader's selling price was 162.50 Dollars. Thank you for pointing that out!
To find the selling price, we need to calculate the profit made by the trader and add it to the original price.
First, let's calculate the profit made by the trader. The profit is usually expressed as a percentage of the cost price. In this case, the trader made a profit of 30%, which means he earned 30% of the original cost price.
To calculate the profit in dollars, we multiply the original cost price by the profit percentage expressed as a decimal:
Profit = Original Cost Price x (Profit Percentage/100)
= 125.00 x (30/100)
= 125.00 x 0.30
= 37.50 Dollars
To find the selling price, we add the profit to the original cost price:
Selling Price = Original Cost Price + Profit
= 125.00 + 37.50
= 162.50 Dollars
Therefore, the trader's selling price was 162.50 Dollars.