A purchased 2 air con ar X dollar each from a wholesaler.she then sells the air-con at aa profit of 10 % and 20% respectively yo her purchases price for a amount of 1886
find X
i try to find
is the ans 1320.2
for each air con the wholesaler earned a profit of 10 % on the selling price of X find the wholesaler total profit from selling the 2 air con
cost price of each air con
profit as percentage of cost price
lastly what is cost price and marked price
A purchase 2 air con at X dollar each
den sell the air-con at 1.1X and 1.2X respectively
so 1.1X + 1.2X = 2.3X = 1886
X = 1886 / 2.3 = 820
wholesaler earn a profit of 10% of selling price of X.
so wholesaler earn 82 for each air-con
Total profit = 164
Cost price of each air-con = 738
Profit as percentage of cost price = 82/738 = 11.1%
Cost price is the price the seller got it for. Market price is how much he sells it.
E.g. I gt a DS Lite from warehouse at $300. (cost price) I sell at $3000 (market price)