Question

A trader bought a bag for 125.00 Dollars .He later sold it at a profit of 30%. What was his selling price?

Answer 1

How about just 1.30 * 125 = 162.50

Answer 2

The trader's profit can be calculated as follows:

Profit = 30% of 125.00 Dollars
Profit = 0.3 * 125.00 Dollars
Profit = 37.50 Dollars

The trader's selling price would be the sum of his purchase price and profit:

Selling price = Purchase price + Profit
Selling price = 125.00 Dollars + 37.50 Dollars
Selling price = 162.50 Dollars

Therefore, the trader's selling price was 162.50 Dollars.

Answer 3

Yes, that is correct as well. The trader can calculate the selling price by adding the profit to the original purchase price, or by multiplying the purchase price by a factor equal to 1 + the profit percentage. In this case, since the profit was 30%, the factor is 1 + 0.3 = 1.3. Using this factor, we get:

Selling price = 1.3 * 125.00 Dollars
Selling price = 162.50 Dollars

So the trader's selling price was 162.50 Dollars. Thank you for pointing that out!