A shopkeeper bought an item at shs5500 and sold it at 30% more than the buying price,find the shopkeeper s selling price and profit?

Buying price = shs5500

Selling price = 5500 + 30% of 5500
= 5500 + 0.3*5500
= 5500 + 1650
= shs7150

Profit = Selling price - Buying price
= 7150 - 5500
= shs1650

Therefore, the shopkeeper's selling price is shs7150 and the profit is shs1650.

Selling Price

Selling price = Buying price + (Buying price - Profit percentage)
Selling price = 5500 + (5500 - 0.30)
Selling price = 5500 + 1650
Selling price = GHS 7,150

Profit

Profit = Selling price - Buying price
Profit = 7,150 - 5,500
Profit = GHS 1,650