Uncle Malik so the shirt at the rate of 1200 Naira and made a profit of 25% what is the cost price
2 answers:
If he made 25 percent profit, the selling price (1200 naira) is 125 percent.
If 125% is equal to 1200 naira
100 percent (the original) will be 100 × 1200 divided by 125
Which is 120000 ÷ 125
Therefore, the cost price is 960 naira
Answer:
the cost price is 960/-
Step-by-step explanation:
Selling Price = 1200
Profit = 25%
<u><em>Finding the cost price:</em></u>
<em>Let the cost price be x</em>
<em>Then, </em>
x = 1200-0.25x
=> x+0.25x = 1200
=> 1.25x = 1200
<em>Dividing both sides by 1.25</em>
=> x = 960
So the cost price is 960/-
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