# Qrespected sir, plz help me out for solving this % sum

respected sir,

plz help me out for solving this % sum...

1]A retailer shop's gross profit on a camera was 10% of the cost of the camera.if the store increase the selling price of the camera from \$440 to \$ 460 & the cost of the camera remained the same,then the shop's gross profit on the camera after the price increase was what % of the cost of the camera ?

plz explain me how to solve this problem...

regards

Binita.

This question still have no answer summary yet.
A retailer shop's gross profit on a camera was 10% of the cost of the camera.if the store increase the selling price of the camera from \$440 to \$ 460 &the cost of the camera remained the same,then the shop's gross profit on the camera after the price increase was what % of the cost of the camera ? ------------------------ Let original price of the camera be "x" dollars Profit is 0.10x Selling price is \$440 Equation: 1.1x = 440 x = \$400 (original cost of the camera) ------------------ If the selling price is raised to \$460 the profit is \$60. The percent profit is 60/400 = 0.15 = 15% ================================================ Cheers, Stan H.
Anonymous
respected sir,
plz help me out for solving this % sum