Why this is giving me such a hard time I do not know but anyway here goes...
A retailer sold an appliance for 80$. The retailer's gross profit was 25% of the retailer's cost for the appliance. What was the retailers gross profit?
gross profit
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- Junior | Next Rank: 30 Posts
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one thing i don t get is why 125% of 80? where do you get that from?cramya wrote:Let x be the cost price
125% of x = 80
x = 64
Check:
25% of 64 is 16 so 64+16 = 80)
Hope this helps
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- Junior | Next Rank: 30 Posts
- Posts: 23
- Joined: Sat Feb 13, 2010 1:36 pm
really helpful of ufrank1 wrote:ans is 16 and easist of the lot i have seen so far in this forum....lol