Question

find the cost price when the following parameters are given S. p. 8900 profit%6.5%

Answer 1

Answer:

cost price = 8356.80

Step-by-step explanation:

selling price = 8900

profit = 6.5%

Selling price = cost price + (profit/100)*(cost price)

8900 = (cost price)(1 + 6.5/100)

8900 = (cost price)(106.5/100)

cost price => 8900x100/106.5 = 8356.80