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problem in calculation of percentage

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

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November 22, 2013 at 2:11 pm #147393
maan87
Member
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Dear respected sir.
Say, profit is $400 which is 120% of sales price. find out sales price. I am totally stuck by this question. Is this question correct?
If the question is correct then plz explain, otherwise guide me how this is incorrect?
Waiting for your expert opinion.
November 23, 2013 at 9:25 am #147472
John Moffat
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Saying that the profit is 120% of the sales price means that the profit is more than the sale price (1.2 x sales price)
This is not possible, you cannot make more profit on something than the price you are selling it for.
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