Answered

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Mateo is an unsuccessful bitcoin investor. He made a loss of 93% by selling a bitcoin for $637.
At what price did Mateo buy the bitcoin?

Sagot :

Answer:

$9100

Step-by-step explanation:

Cost price = 100/(100-loss%)* Selling price

CP = 100(100-93)*637

CP = 100/7*637

CP = $9100

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