Question

Last year Jose sold a painting for $2000. If he made 25% profit on the sale, how much had
he paid for the painting?

Answer 1

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Answer 2

Answer: $1600

Step-by-step explanation:

Let SP be= 100

Profit= 25%

Then total= 125%

It means $2000= 125%

Now, what is 100%

=$2000*100/125

=$1600