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WHAT IS THE PROFIT IF SAM BOUGHT HIS CAR FOR £700 AND HE SOLD THE CAR FOR 20% OF THE PROFIT
WORK UT HOW MUCH SAM SOLD HIS CAR FOR

Guest Jun 12, 2012

Guest · Answer 1 · 2012-06-24T06:24:55

profit= selling price-cost price
i.e. P=SP-CP

Now % P= P/CP x100
=(SP-CP)/CPx100

i.e.
20=(SP-700)/700
14000=SP-700
SP=14700