Question

Halim makes aprofit of 120% on his cost price by selling a pair of shoes for $45
i) Find the cost price of the pair of shoes.
ii) Calculcate his profit / loss in selling the same pair of shoes in a sale at $25

Answer 1

Step-by-step explanation:

i)let cost price be x,

selling price =cost price+profit

=>x+120x/100=$45

=>220x/100=$45

=>x=$45×100/120=$450/12=$37.5

=>cost price =$37.5

ii) A. T. Q,

cost price =$37.5

selling price=$25

=>loss=$37.5-$25=$12.5

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