Rochella bought a laptop for $1000. She sold the laptop to Richard at a loss. Later, Richard sold the laptop to Ross for $880, making a profit of 40%. At what price did Richard buy the laptop from Rochella?
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$660
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Answer:
We know that Richard is buying the Laptop from Rochella and selling it at 880$ for which he is making a profit of 40%
Step-by-step explanation:
Let's assume that the Cost Price is 100
X+40% of X=880
(100+40)%of X = 880
140% of X = 880
X= 880*100/140
X= 628.57
Therefore the cost price of Laptop bought by Richard is $628.57
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