Answer:
$273
Step-by-step explanation:
We can deduce the following from the question.
The cost price(c.p) of suicase dozen =$2,520
Profit percent(p%)=30%
From here we can calculate the selling Price(s.p) from the relation:
By substitution we obtain,
[tex]p\% = \frac{s.p - c.p}{c.p} \times 100\%[/tex]
[tex]30\%= \frac{s.p - 2520}{2520} \times 100\%[/tex]
[tex] \implies 0.30= \frac{s.p - 2520}{2520} \times 1[/tex]
cross multiplying, we get:
[tex] \implies0.30 \times 2520=s.p - 2520[/tex]
[tex] \implies 756=s.p - 2520[/tex]
adding 2520 to both sides
[tex] \implies 756 + 2520=s.p - 2520 + 2520[/tex]
[tex] \implies s.p = 3275[/tex]
This implies that the selling price for the dozen of suitcase is $3275
To find the selling price of each suitcase we divide by 12
[tex] \implies \frac{3275}{12} [/tex]
=$273
