Question

A retailer has some skirts that cost $18 each. She wants to sell them at a profit of 40% of the selling price. What price should she charge for the skirts?

Answer 1

18+.4x=x
18=.6x
30=x

the answer is $30

Answer 2

The selling price is $25.2.

Profit and loss

If the selling price is greater than the cost price, then the difference between the selling price and cost price is called profit.

If the selling price is less than the cost price, then the difference between the selling price and cost price is called loss.

Given

The cost of the skirt is $18

Profit is 40%

To find

The selling price of the skirt.

How to calculate the selling price?

The selling price is given by

selling price = cost price + profit

Profit is given by

$\begin{aligned} \rm Profit\ percent\ &= \rm \dfrac{Profit}{cost\ price} *100\\40 &= \rm \dfrac{Profit}{18} *100\\\rm profit &= 7.2 \end{aligned}$

Then the selling price = 18 + 7.2 =  $25.2.

Thus, the selling price is $25.2.

More about the profit and loss link is given below.

https://brainly.com/question/984538