Question 1141468: For selling an item for N850 a trader made a profit of 15%. What should be selling price be to make a profit of 20%? Found 2 solutions by Theo, MathTherapy:Answer by Theo(13342) (Show Source):
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For selling an item for N850 a trader made a profit of 15%. What should be selling price be to make a profit of 20%?
Making a profit of 15% means that itw's sold for 1 + .15, or 1.15
Making a profit of 20% means that it should be sold for 1.2
We therefore get the simple PROPORTION: , with S being the selling price to make a 20% profit
Solve that for S to get your answer!
Cross-multiplying or multiplying both sides by LCD, 1.2S should get you there.