Find the percent of change if the original cost was $5 and the new cost is $1.
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Given:
The selling price of a ratio set = 72.00
Profit percent = 8%
To find:
The cost price for the radio set.
Solution:
Let x be the cost price for the radio set.
Radio set is sold at 8% profit.
The selling price of a ratio set is 72.00.
Therefore, the cost price for the radio set is 67.