Question

A commodity was sold for 120.00 at a 20% loss on the cost. What is the price of the merchandise?​

Answer 1

$150

Explanation:

CP = 100/(100 - L%) × SP

CP = 100/(100 - 20) × 120

CP = 100/80 × 120

CP = 5/4 × 120

CP = 5 × 30

CP = $150