An article was bought for 140 Naira and sold at a profit of 20% find the selling price

Answer 1

To find the selling price of an article that was bought for 140 Naira and sold at a profit of 20%, you can follow these steps:

1. Calculate the profit: \[ \text{Profit} = \text{Cost Price} \times \frac{\text{Profit Percentage}}{100} \] \[ \text{Profit} = 140 \times \frac{20}{100} = 140 \times 0.20 = 28 \text{ Naira} \]

2. Calculate the selling price: \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \] \[ \text{Selling Price} = 140 + 28 = 168 \text{ Naira} \]

Therefore, the selling price is 168 Naira.