Question

Please solve number 11:(​

Answer 1

Market price $400

Cost price $300

Explanation:

MP: market price

CP: cost price

1. (MP x 0.9) - CP = 60

CP = 0.9MP - 60

2. MP - CP = 100

CP = MP - 100

0.9MP - 60 = MP - 100

MP - 0.9MP = 100 - 60

0.1MP = 40

MP = 400

Cost price = MP - 100 = 400 - 100 = 300