Question

An entreprenuer sold a damage fan for 4560 thereby incurring 20% on the cost price determine the cost of the fan

Answer 1

5,700

Explanation:

Let

x = total cost of the fan

The entrepreneur incurred 20% on the cost price

Selling price = 4560

Therefore, The selling price = 80% of the total cost of the fan

4560 = 80% of x

4560 = 80/100 * x

4560 = 0.8 * x

4560 = 0.8x

x = 4560/0.8

x = 5,700

x = total cost of the fan = 5,700