a shop sells a tv for £462 making a profit of 20%. at what wholesale price did the shop buy the tv?
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Answer:
CP = £385
Step-by-step explanation:
Given that the SP of a tv = £462
Profit % = 20
Since
CP = (SP x 100) (100 + profit %)
CP = (462x 100) (100 + 20)
CP = 46200 /120 = 385
CP = £385
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