mr cotton runs a market stall selling towels. He buys the towels and sells them to make 40% profit...?

Question

mr cotton runs a market stall selling towels. He buys the towels and sells them to make 40% profit he pays 3.50$ for a towel how much does he sell it for ?

Answer 1

Find 40% of $3.50 and then add that to $3.50

x/3.50 = 40/100 cross multiply, solve for x

then add that to $3.50

I get $1.40 as 40%
So the total price would be $4.90

To see if that is a reasonable answer, think of what 50% would be....$1.75, so 40% would be a little less than that. Sounds okay to me, how about you?

Answer 2

Add 40% to the cost or simply multiply it by 1.4 to get the result which is 3.5 X 1.4 = 4.9 dollars

Strictly speaking, he won't make 40% profit because he has to pay many overheads. But you are learning maths, not real life and management.

Answer 3

dkr and The One...

are both correct, they give the same answer, just two different methods.

Personally I use the same method as The One ..

3.5 X 1.4 = $4.90

Answer 4

He sells it for $4.90

Show N Tell

Answer 5

x = price
(1-0.4)x = 3.50
x = 3.50/0.60