Amount After Profit Or Loss

Question 1

The cost of a CD is R160. A shopkeeper wants to make a profit of 20%, At what price must the CD be sold?

Answer 1

20/100 x 160/1

=R32

=R160 + R32

=R192

Or using method two

Question 2

A new car is valued at R180 000 is used as a demonstration model and later sold at a loss of 15%. Calculate the selling price of the car.

Answer 2

Loss=15/100 x 180 000/1

=R27 000

Selling Price= 180 000- R27 000

=R153 000