Question

7. A shopkeeper buys a stove from a manufac-

turer. The shopkeeper sells the stove for $2 500
at a profit of 20%.
(a) What amount did the shopkeeper pay the
manufacturer for the stove?​

Answer 1

I believe the amount that the shopkeeper would've paid for the stove is $2083

Explanation:

2500×100/120 = 2083.33