SOLUTION: A store bought a Samsung TV for $1500. What price should they re-sell it for if they want to make a profit of 20%?

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Question 1122254: A store bought a Samsung TV for $1500. What price should they re-sell it for if they want to make a profit of 20%?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
profit of 20% is increase/original amount=0.20
that is increase/1500=0.20
increase= $300
the selling price is therefore $1500+$300 or $1800. ANSWER