Question

Kazito sold an item for sh 4950 and made a 12 ¹/2profit.what was the cost price of the item?​

Answer 1

Selling price = Sh 4950 , % profit = 12.5%, Cost price = ?

Selling Price / Cost price = 100 + rate/100

Sh 4950/Cost Price = 112.5/100

112.5 Cost Price = 4,95,000

Cost Price = Sh 4,400