Question

An electronics retailer sells a washing machine at cost price (how much the retailer paid for it) of $400 with a profit of 20%. What price does the customer pay?

Answer 1

Answer:

$480

Step-by-step explanation:

400 × .20 = 80

the retailer got an extra 20% or $80 for the machine.

$400 + $80 = $480

The customer paid $480 for the washing machine.