If the overhead was 20% of the cost of each towel. The selling price of each towel is 5.88.
<h3>What is the percentage?</h3>
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
The usage of percentages is widespread and diverse. For instance, numerous data in the media, bank interest rates, retail discounts, and inflation rates are all reported as percentages. For comprehending the financial elements of daily life, percentages are crucial.
Suppose the selling price of a towel is x, according to the given condition,
5 = x - 15% of x
5=x-0.15x
5=0.85 x
x=5/0.85
x=5.88
Thus, if the overhead was 20% of the cost of each towel. The selling price of each towel is 5.88.
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