A businesswoman sold a gas cooker for $1,250.00 making a profit of 10%. What was the cost price of the gas cooker?
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Answer:
CP = 1136.36$
Step-by-step explanation:
Formula to calculate cost price if selling price and profit percentage are given:
CP = ( SP * 100 ) / ( 100 + percentage profit).
By putting the values , we get
CP = 1136.36
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