A commodity was sold for 120.00 at a 20% loss on the cost. What is the price of the merchandise?

FrozzenFinger asked Feb 16, 2022

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FrozzenFinger asked Feb 16, 2022

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17 votes

Answer:

$150

Explanation:

CP = 100/(100 - L%) × SP

CP = 100/(100 - 20) × 120

CP = 100/80 × 120

CP = 5/4 × 120

CP = 5 × 30

CP = $150

Overlord Zurg answered Feb 22, 2022

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