Question

the mark price of mattress is $1344.it is sold at a profit of 12%.Find the cost price of the mattress.

Answer 1

mattress = $1200

Explanation:

Given that the marked price of a mattress is $1344 and it is sold at a profit of 12%, we can calculate the cost price of the mattress using the following formula:

Cost price = Marked price / (1 + Profit %)

Here , Profit % = 12%, so we get:

Cost price = 1344 / (1 + 0.12)

Cost price = 1344 / 1.12

Cost price = $1200

Therefore, the cost price of the mattress is $1200.