Answer:
CP of ring = 1200
profit % = 15%
Profit amount = 15% 0f 1200 = 180
SP = 1200 + 180 = 1380
Answer:
€ 1380
Step-by-step explanation:
The jeweller bought the ring for €1200 and got a profit of 15% when he sold it. That means,
[tex] = \frac{15}{100} \times 1200 \\ = 180[/tex]
he got €180 more money (which is equivalent to 15% of the portion of the money that he originally paid for the ring).
So, the selling price (the new price of the ring) would be:
= Original price + profit
= €1200 + €180
= €1380
