1. A reseller bought a bag worth Php 50,500. How much will be the selling price if the reseller wants a 35% Profit?
2. A Merchant is cautious about his loss. The cost of the production and shipment is Php 350,000. What is the selling price if he loss 23%?
2. A Merchant is cautious about his loss. The cost of the production and shipment is Php 350,000. What is the selling price if he loss 23%?
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Answer:
1. To calculate the selling price with a 35% profit, we need to add the profit amount to the cost price.
Profit amount = 35% of Php 50,500
= 0.35 * Php 50,500
= Php 17,675
Selling price = Cost price + Profit amount
= Php 50,500 + Php 17,675
= Php 68,175
Therefore, the selling price for the reseller would be Php 68,175.
2. To determine the selling price with a 23% loss, we need to subtract the loss amount from the cost price.
Loss amount = 23% of Php 350,000
= 0.23 * Php 350,000
= Php 80,500
Selling price = Cost price - Loss amount
= Php 350,000 - Php 80,500
= Php 269,500
Therefore, the selling price for the merchant, taking into account a 23% loss, would be Php 269,500.