Question

Rowena sells a dress for $42.60 after making a profit of 20% on the cost price.

Calculate the cost price.
20

$ ...................................................

Answer 1

$35.50

Explanation:

With a 20% profit then $42.60 represents 120%

We require to find the cost price represented by 100%

Divide the amount by 120 to find 1% then multiply by 100, that is

cost price =
`(46.60)/(120)` × 100 = $35.50