A trader buys a product for HK\$250 and sells it at a profit of 50% on the cost. What is the selling price?
Answer and explanation
Correct answer: A. HK\$375
- Step 1: Selling price = HK\250 × 1.5 = HK\.
Answer
HK\$375.
Why not the others: HK\$500: the profit is taken as a percentage of the selling price. HK\$300: the percentage is added as dollars. HK\$125: that is only the profit.
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