Mr Ali would make a profit of 59% if he sells his watch at $4611. Find out how much profit he would get if he sold his watch at $5000.
Question
Mr Ali would make a profit of 59% if he sells his watch at 5000.
Solution
Let's solve the problem step by step.
-
Determine the cost price (CP) of the watch:
- Given that Mr. Ali would make a profit of 59% if he sells the watch at $4611.
- Let the cost price be .
- Profit percentage is given by the formula:
- Plugging in the values:
- Simplify the equation:
-
Calculate the profit if the watch is sold at $5000:
- Selling Price (SP) = $5000
- Cost Price (CP) = $2900
- Profit is given by:
- Plugging in the values:
Therefore, if Mr. Ali sells his watch at 2100.
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