Question

A dealer sold a painting for $800. She made a profit of 25% on the price she paid for it. Calculate the price she paid for the painting.

Answer 1

She paid $640 for the painting

Explanation:

her selling price SP = 800

CP+25%of CP = 800

1.25CP=800

CP=640

Answer 2

$640

Explanation:

paint sold for $800

profit 25%

the price she paid for the painting = $800 / 1.25 = $640