Respuesta :
Answer:
the boat was sold for $17,250
Step-by-step explanation:
Jimmy made a 15% profit, that means that the 15% of the cost is going to be his profit, so the 15% of $15,000 is:
$15,000(0.15)= $2,250
If his profit is 2,250, the price of the boat is going to be the initial cost plus the profit. So:
Price=$15,000 + $2,250 = $ 17,250
Then, the boat was sold for $17,250
Using proportions and the profit concept, it is found that the boat sold for $17,250.
- This question is solved by proportions, using a rule of three.
- Profit of 15% means that the sales price was 15% more than the original cost. Thus, the original cost of $15,000 is worth 100% = 1, while the sales price of x is worth 100% + 15% = 115% = 1.15.
The rule of three is:
$15,000 - 1
$x - 1.15
Applying cross multiplication:
[tex]x = 15000(1.15) = 17250[/tex]
The boat sold for $17,250.
A similar problem is given at https://brainly.com/question/24373628
