Question

if profit is equals to 150 and profit percent is equals to 12.5 what is the cost price? please tell me in long because I want to know formula
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Answer 1

Answer: The cost price is 1200

Step-by-step explanation:

The cost price is always 100%.

If the profit that costs 150 is 12.5%, we will get the cost price by evaluating it by 100%.

In that, if 12.5% represents 150, what amount of money will be represented by 100%? In that:

12.5% = 150

100%?

We cross multiply, that is multiply 100% by 150, then divide the product by 12.5%, as shown below.

(100% × 150) ÷ 12.5%

We get 1200.

This 1200 that was represented by 100% is our cost price.