John sold a car for 60000 and made a profit of 20% what was the cost price
2 answers:
Answer:
Cost price = $ 50000
Step-by-step explanation:
● Cost price = 100%
● Percentage profit = 20%
● Selling price = 100% + 20% = 120%
If 120% = $ 60000,
What about 100% = ?
= (100 x 60000) ÷ 120
= 6000000 ÷ 120
= $ 50000
Cost price = 50000
Selling price = 60000
Profit = 10000
Answer:
50000
Step-by-step explanation:
60,000•100/100+20
=60,000•100/120
=50,000
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