# A merchant

A merchant sold an item for P8520.00 making a profit equal to 1/6 of his selling price. What was the amount of his profit?

### Correct answer:

Tips for related online calculators

Need help calculating sum, simplifying, or multiplying fractions? Try our fraction calculator.

#### You need to know the following knowledge to solve this word math problem:

#### Units of physical quantities:

#### Grade of the word problem:

## Related math problems and questions:

- Cost and sell price

A wholesaler sold items at a profit of 20% of the sales, which was a profit of P52.80. What were the cost price and selling price of the item? - Markup 2

A store manager paid $74 for an item and set the selling price at $102.86. What was the percent markup? - Cost and profit

Find the cost price of an article that was sold for 90.00 at a profit of 20 percent. - Selling eggs

Mandy bought 24 trays of eggs. The tray contains 30 pieces. Each tray costs P130.00. He sold per piece for P8.00. But since 12 pieces are tiny, he decided to sell them for P7.00 only. Assume that Mandy incurred the operating expenses of P800.00 and an int - The cost price

Find the cost price of a piano that was sold at $12,000, on which a profit of 20% was made on cost. - The marked

The marked price of the item was P62.50. At a seasonal sale, a discount was given 20% discount, leaving the dealer a profit of 14 2/7 % of the cost of each item. Find the profit and the cost price. - The bookkeeper

The bookkeeper bought 45 copies of fairy tale books for CZK 120 and 65 copies of the encyclopedia for CZK 325. then he sold it in his shop like this: fairy tales for 135 CZK and encyclopedias for 360 CZK. What was the purchase price of the books? And the - Dealer

Dealer sells digital camera for € 747. Thirty percent of the price was his profit. After some time, decreased interest in selling the camera and reduced its sales price by 11 %. How much percent of the new price now is the dealer's profit? Round the resul - Making profit

If I make a profit of 25% on selling a bottle of drink for 85, how much did I buy the drink? - Gross profit

Joseph sold the following quantities of kerosene in gallons: 3/4, 5/8, 7/8, and 9/10. How many gallons of kerosene did Joseph sell? How much was his gross profit if a gallon costs P28.00 and he sold it at P32.00? - The recommended

The recommended price of the novel "Laughing Sun" is 285 SKK. The bookseller bought 60 pieces of the novel at the wholesale store and paid 82% of the recommended price (18% is his profit for selling books). He sold 55 pieces of the novel and sold the rema - Profit and loss

Find the cost price and the profit and loss if the percent of profit and loss is based on cost price, Selling Price P2.34, and the percent of profit is 8 1/3%. Find the profit and cost price. - Second hand store

The price of goods in the store for used goods is determined by agreement, while the sale price is deducted 15% commission - for the store owner. Matúš's parents decided to sell the TV to make their net profit at least 50 euros. What was the minimum selli - A wholesale

A wholesale dealer purchased an item from a manufacturer for P2400 less 25% and 25% and sold the same item for P1620. Find the profit and the percent of the profit on cost. - Antonio 2

Antonio harvested 100 1/2 kg of fruits from his farm, selling 30 2/3 kg of durian and 34 5/6 kg of mangosteen. How many kilograms of fruit were not sold? - Tom sold

Tom sold 75% of his farm, and the number of acres sold was 150. How many acres were there on the farm before selling? - Retail

At what price bought the retail 1 kg goods from wholesale if lost in the distribution is 4% of the weight of the goods, and retail still have a profit of 6.3%? Goods are sold at retail for 25 euro per kg.