Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

. A business-woman sold a gas cooker for $1209.60 making a profit of 12% on the cost price. Calculate the cost price of the gas cooker.

Sagot :

esthertemitayomartin

Answer:

$1080

Data given:

selling price (SP): $1209.60

percentage profit: 12%

To calculate out percentage profit

profit% = gain/cost price × 100

gain = selling price - cost price

hence we have:

(1209.60 - cost price)/cost price ×100 = 12

when we cross multiply

we have 12costprice = (1209.60×100)-(100×cost price)

12CP=120960-100CP

collect like terms

12CP+100CP = 120960

112CP=120960

divide both sides by the coefficient of CP

CP = $1080

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.