the cost of a toy car is 60 dollars, and the profit percentage is 40%. find the price of each toy car.
the cost of a toy car is 60 dollars, and the profit percentage is 40%. find the price of each toy car.
Answer
Explanation:
Step1: Calculate the profit amount
Profit = Cost × Profit percentage. Given cost = 60 dollars and profit percentage = 40% = 0.4. So, Profit = 60×0.4 = 24 dollars.
Step2: Calculate the selling - price
Selling price = Cost+Profit. Cost is 60 dollars and profit is 24 dollars. So, Selling price = 60 + 24=84 dollars.
Answer:
84 dollars