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Mrs Chen will make a profit which is 12% of the original price, if she sells the necklace at $4144. What will be her profit if she sells the necklace at $4250?

Question

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Solution

To solve this problem, we first need to find the original price of the necklace.

  1. We know that the selling price of $4144 is 112% of the original price because the original price plus 12% profit equals the selling price.

  2. To find the original price, we divide the selling price by 112% (or 1.12 in decimal form).

    So, 4144÷1.12=4144 ÷ 1.12 = 3700. This is the original price of the necklace.

  3. Now, we want to find out the profit if the necklace is sold for $4250.

  4. The profit is the selling price minus the original price.

    So, 42504250 - 3700 = $550.

Therefore, if Mrs Chen sells the necklace at 4250,herprofitwillbe4250, her profit will be 550.

This problem has been solved

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