A trader sold 250 articles for $525,000.00 at a profit of 25%.
a.Calculate the cost of each article.
b.If the trader had wanted 45% profit on the cost price then how much would he sell the articles?
You have to divide 525000 and 250 to solve for "a". To solve for "b" you need to find %100 of the profit and do %100 of the profit times 0.45 to see how much is %45 of profit.
