igwejunior080 igwejunior080

02-04-2021
Mathematics

contestada

1. By selling an article at N600.00, a
trader makes a profit of 20%. Find the
cost price.

Respuesta :

karkismriti176 karkismriti176

04-04-2021

Answer:

500

Step-by-step explanation:

SP = 600.00

profit= 20%

SP = CP + 20% of CP

or, 600.00 = CP + 20/100 × CP

or, 60000= 120CP

or, CP = 60000/ 120

CP = 500

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