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12. a trader gained 15% by selling an article for N1560.00, what is the cost price of the article?​
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12. a trader gained 15% by selling an

article for N1560.00, what is the cost
price of the article?​

User NSZombie
by
5.2k points

1 Answer

5 votes

Answer:

N1356

Step-by-step explanation: I hope it helps :)


Profit \% = 15\%\\Selling -Price = N1560.00\\C.P = ?\\\\CP = ( SP * 100 ) / ( 100 + percentage \: profit).\\C.P =(Selling \:price * 100)/(100+ Profit \%) \\\\C.P = (1560* 100)/(100+15) \\\\C .P = (156000)/(115) \\\\C.P =N1356.5

User Marquee
by
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