Answer:
The selling price of House for 14% profit is [tex]\pounds 123,120[/tex]
Step-by-step explanation:
Given as :
The cost price of house (c.p) = [tex]\pounds 108000[/tex]
The profit percentage = 14%
Let the selling price = s.p
So, Profit % = [tex](\frac{Selling price - Cost price}{Cost price})\times 100[/tex]
Or, 14 % = [tex](\frac{s.p - c.p}{c.p})\times 100[/tex]
Or, [tex]\frac{s.p}{c.p}[/tex] = [tex]\frac{114}{100}[/tex]
So, s. p = 1.14 × (c .p)
Or, s.p = 1.14 × [tex]\pounds 108000[/tex]
∴ s. p = [tex]\pounds 123,120[/tex]
Hence The selling price of House for 14% profit is [tex]\pounds 123,120[/tex] Answer
