Question

12. a trader gained 15% by selling an
article for N1560.00, what is the cost
price of the article?​

Answer 1

Answer:

N1356

Step-by-step explanation: I hope it helps :)

$Profit \% = 15\%\\Selling -Price = N1560.00\\C.P = ?\\\\CP = ( SP \times 100 ) / ( 100 + percentage \: profit).\\C.P =\frac{Selling \:price \times 100}{100+ Profit \%} \\\\C.P = \frac{1560\times 100}{100+15} \\\\C .P = \frac{156000}{115} \\\\C.P =N1356.5$