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A lady sold 1750 books for 525000 and made a profit of 30% calculate the cost price of each book

User Jeyla
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1 Answer

3 votes

Answer:

  • Cost of each book is 230.77 units

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Find the selling price for each book:

  • 525000/1750 = 300

Let the cost be x. Set up equation:

  • x + 30% = 300
  • x + 0.3x = 300
  • 1.3x = 300
  • x = 300/1.3
  • x = 230.77 (rounded)
User Jahnold
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