If a shop owner sells a dress at $621,the profit percent is 8%.If the shop owner would like to raise the profit percent to 20%,find the new selling price of the dress.
let the original cost is x
then
(621-x)/x=0.08
621-x=0.08x
x=575
the shop owner would like to raise the profit percent to 20%
that means the profit
=0.2*x
=0.2*575
=115
the new selling price of the dress
=x+115
=575+115
=690