prakash. wrote:A merchant made a gross profil of $40 from the sale of a vase.If this GP was 25% of the cost of the vase to the merchant,for how many dollars more should the merchant have sold the vase for the GP to have been 30% of the cost.
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I tried in this way,, GP is 40$.So,the cost price will be 160$..Now????????????????????????
Now…..30% of 160 = 48
This means….if he would have sold it for $8 more (48-40)..then he could have made 30% profit
