Question

PRACTISE NOW 2 A shopkeeper gains 35% on the cost price by selling a smartphone for $1282.50. Find the cost price of the smartphone. ​

Answer 1

Let the cost price of the smartphone be $x. Then, the selling price of the smartphone is $1.35x. Since the selling price is $1282.50, we have the equation:

1.35x = 1282.50

Dividing both sides by 1.35, we get:

x = 949.9999999999999

Therefore, the cost price of the smartphone is $949.99.

Answer: $949.99

Explanation:

Yes