Question

A dealer paid 720 kina for a radio and sold it so as to gain 37.5%. find the selling price

Answer 1

Cost: 720 kina

Earnings: 37.5%

Then, the selling price should be:

100% + 37.5% = 137.5% of 720 kina

=> 137.5*720/100 = 990 kina

The selling price was 990 kina.