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
Mrs Chen will make a profit which is 12% of the original price, if she sells the necklace at 4250?
Solution
To solve this problem, we first need to find the original price of the necklace.
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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.
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To find the original price, we divide the selling price by 112% (or 1.12 in decimal form).
So, 3700. This is the original price of the necklace.
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Now, we want to find out the profit if the necklace is sold for $4250.
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The profit is the selling price minus the original price.
So, 3700 = $550.
Therefore, if Mrs Chen sells the necklace at 550.
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