Question

Ms Angula buy a fridge for N$ 2500.00
1. For how much should Ms. Angula sell the fridge if she wants to make a profit for of 25%?
2. What percentage of the cost price would she lose if she sells the fridge for N$ 2050. 00?

Answer 1

To solve the questions, let's break them down one at a time.

### 1. Selling Price for a 25% Profit

To find out how much Ms. Angula should sell the fridge for to achieve a 25% profit, we can use the formula for selling price based on cost price and desired profit percentage.

\[
\text{Selling Price} = \text{Cost Price} + (\text{Profit Percentage} \times \text{Cost Price})
\]

Given:
- Cost Price (CP) = N$ 2500.00
- Profit Percentage = 25% = 0.25

Calculating the selling price:

\[
\text{Selling Price} = 2500 + (0.25 \times 2500)
\]
\[
\text{Selling Price} = 2500 + 625
\]
\[
\text{Selling Price} = N$ 3125.00
\]

### 2. Percentage Loss if Sold for N$ 2050.00

To find out the percentage loss if she sells the fridge for N$ 2050.00, we can use the formula:

\[
\text{Loss} = \text{Cost Price} - \text{Selling Price}
\]
\[
\text{Percentage Loss} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100
\]

Given the selling price is N$ 2050.00:

Calculating the loss:

\[
\text{Loss} = 2500 - 2050 = 450
\]

Now, calculating the percentage loss:

\[
\text{Percentage Loss} = \left( \frac{450}{2500} \right) \times 100
\]
\[
\text{Percentage Loss} = 0.18 \times 100 = 18\%
\]

### Summary of Results:
1. Ms. Angula should sell the fridge for **N$ 3125.00** to make a 25% profit.
2. If she sells the fridge for N$ 2050.00, she would incur an **18% loss** on the cost price.