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Question Number 60016 by otchereabdullai@gmail.com last updated on 17/May/19

$$\mathrm{A}\mathrm{car}\mathrm{dealar}\mathrm{made}\mathrm{a}\mathrm{profit}\mathrm{of}22.5\mathrm{\%}$$$$\mathrm{by}\mathrm{selling}\mathrm{a}\mathrm{car}\mathrm{for}58000\mathrm{cedis}.\mathrm{Find}$$$$\mathrm{correct}\mathrm{to}\mathrm{two}\mathrm{decimal}\mathrm{places}\mathrm{the}$$$$\mathrm{percentage}\mathrm{profit}\mathrm{if}\mathrm{the}\mathrm{car}\mathrm{had}\mathrm{been}$$$$\mathrm{sold}\mathrm{for}61,200\mathrm{cedis}.$$

Answered by MJS last updated on 17/May/19

$$\frac{58000}{x}=1.225$$$$\frac{61200}{x}=?$$$$x=\frac{58000}{1.225}$$$$?=\frac{61200}{58000}\times 1.225=1.292586...\approx 29.26\mathrm{\%}$$

Commented by otchereabdullai@gmail.com last updated on 17/May/19

$$\mathrm{well}\mathrm{done}\mathrm{prof}$$

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