55.9k views
2 votes
Turnip sold his horse, Slack Bess, for £56. The percentage profit he made was numerically the same as the cost, in pounds, of his horse.

What was the cost of his horse

User Askaale
by
7.7k points

1 Answer

2 votes

Answer: Let's assume the cost of Turnip's horse, Slack Bess, was x pounds.

The percentage profit he made is numerically the same as the cost of his horse, which means the profit made is equal to x pounds.

To calculate the profit, we subtract the cost from the selling price:

Profit = Selling price - Cost

Given that the selling price is £56 and the profit is x pounds, we can write the equation as follows:

x = £56 - x

Simplifying the equation, we get:

2x = £56

Dividing both sides of the equation by 2, we find:

x = £28

Therefore, the cost of Turnip's horse, Slack Bess, was £28.

User Haelin
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.