Question

Selling a item for 693 x makes a profit of 26%. What was the purchased price

Answer 1

S.P=693
Profit percent=26%
Therefore C.P=(100/100+prifit%×S.P)
=(100/100+26×693)
=(100/126×693)
=(100/14×77)
=(50/7×77)
=(50×11)
=(550)
Therefore C.P=550
Hope it hep you