Answer to Question #163699 in Financial Math for Alice

Question #163699

Jack buys computers from his supplier for R50 000 each. If Jack wants to earn a 20% profit for each computer, what will be the price charged by Jack?

Expert's answer

100% is equivalent to 50 000

Profit 100+20 = 120%

120% is equivalent to ?

(120 x 50 000) / 100%

= Rs 60000

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