Mrs Chan will make a profit which is 12% of the original price, if she sells the necklace at $4256. What will be her profit if she sells the necklace at $4340?
Question
Mrs Chan will make a profit which is 12% of the original price, if she sells the necklace at 4340?
Solution
To solve this problem, we first need to find the original price of the necklace.
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We know that $4256 is 112% of the original price because it includes Mrs. Chan's 12% profit.
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To find the original price, we divide $4256 by 112% (or 1.12 in decimal form).
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3800. This is the original price of the necklace.
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Now, we need to find out how much profit Mrs. Chan will make if she sells the necklace for $4340.
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The profit is the selling price minus the original price.
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So, 3800 = $540.
Therefore, Mrs. Chan will make a profit of 4340.
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