His profit was 30% ....meaning he got 30% MORE than he paid for the bag (12.50)
so......what is 30% of 12.50 ?
.30 (12.50) = 3.75 was his profit......the question asks what was his SELLING PRICE?
Selling Price = Purchase Price + Profit
Selling Price = 12.50 + 3.75 = 16.25
"ASAP WORKING!!!!!!!!!!!!!"
A grader brought a bag for $12.50. He later sold it at a profit of 30%. What was his selling price.
Did you try to solve it, or are too busy "working" on your video games?
What does 30% mean? By now, you should know that.
It means 30 / 100=.30, then you have:
.30 X 12.50=$3.75 that is his profit. Then you have:
12.50 + 3.75=$16.25 that was his selling price. OR, you could do this too:
(1 + 30%) X 12.5=1.30 X 12.50=$16.25- his selling price.