Let's solve this step by step:

1. Let's assume the cost price of the goods is $100. So, the selling price would be $120 (since 20% profit is included).

2. If the cost price increases by 10%, the new cost price would be $110.

3. If he sells them at an 8% higher price, the new selling price would be $120 * 1.08 = $129.6.

4. Now, the profit is the selling price minus the cost price, which is $129.6 - $110 = $19.6.

5. To find the profit percent, we divide the profit by the cost price and multiply by 100. So, the profit percent is ($19.6 / $110) * 100 = 17.8%.

None of the options provided match this result. There might be a mistake in the question or the options provided.

Question

Let's solve this step by step:

1. Let's assume the cost price of the goods is $100. So, the selling price would be $120 (since 20% profit is included).

2. If the cost price increases by 10%, the new cost price would be $110.

3. If he sells them at an 8% higher price, the new selling price would be $120 * 1.08 = $129.6.

4. Now, the profit is the selling price minus the cost price, which is $129.6 - $110 = $19.6.

5. To find the profit percent, we divide the profit by the cost price and multiply by 100. So, the profit percent is ($19.6 / $110) * 100 = 17.8%.

None of the options provided match this result. There might be a mistake in the question or the options provided.

Knowee AI · Accepted Answer

Let's solve this step by step:

1. Let's assume the cost price of the goods is $100. So, the selling price would be $120 (since 20% profit is included).

2. If the cost price increases by 10%, the new cost price would be $110.

3. If he sells them at an 8% higher price, the new selling price would be $120 * 1.08 = $129.6.

4. Now, the profit is the selling price minus the cost price, which is $129.6 - $110 = $19.6.

5. To find the profit percent, we divide the profit by the cost price and multiply by 100. So, the profit percent is ($19.6 / $110) * 100 = 17.8%.

None of the options provided match this result. There might be a mistake in the question or the options provided.

Select the correct answerA man sells his goods at a certain price, 20% of which is his profit. If the price at which he buys the goods increases by 10% and he sells them at an 8% higher, then what will be his profit percent (correct to one decimal place)?Options21.822.723.421.4