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11 A trader makes a loss of 10% when he sells a watch for N15 300. What did it cost? b Find out how much he should have sold it for to make a profit of 6%. full a
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Answer:

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Step-by-step explanation:

hi there is the right answer which

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Answer:

  • cost: N17000
  • selling price: N18020

Step-by-step explanation:

We are given the relation ...

  cp(1 -10%) = N15300

Dividing by the coefficient of cost price (cp), we find it to be ...

  cp = N15300/0.9 = N17000

The watch cost N17000.

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To make a profit of 6%, the selling price (sp) must be ...

  sp = cp(1 +6%) = 1.06 × N17000 = N18020

He should have sold it for N18020 to make a profit of 6%.

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