Question

In selling a red herring for 92c, a fishmonger makes a profit of 15%.Find the cost price of the fish

Answer 1

Cp =100/100+15 * 92
20/23*92 = 80 c

Answer 2

Answer:

80 cents

Step-by-step explanation:

____________________

Let y be the cost price.

y + (15% of y) = 92

115% of y = 92

After rearranging

y = 92 x 100/115 = 80

∴, The cost price is 80 cents.

:-)