Question

A lady sold 1750 books for 525000 and made a profit of 30% calculate the cost price of each book

Answer 1

• Cost of each book is 230.77 units

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Find the selling price for each book:

• 525000/1750 = 300

Let the cost be x. Set up equation:

• x + 30% = 300
• x + 0.3x = 300
• 1.3x = 300
• x = 300/1.3
• x = 230.77 (rounded)