If a store sells an item for $200, making a loss of 20%, what was the cost price of the item?Choices:- $240 $250 $260 $27
Question
Solution 1
The cost price of the item can be calculated using the formula for loss percentage which is:
Loss % = (Loss / Cost Price) * 100
We can rearrange this formula to find the cost price:
Cost Price = Loss / (Loss % / 100)
In this case, the loss is the difference between the cost price and the selling Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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