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A grader brought a bag for $12.50. He later sold it at a profit of 30%. What was his selling price
 Oct 19, 2015
 #1
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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

 Oct 19, 2015
 #2
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"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.

 Oct 19, 2015

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