Question

Answer:

5. A shop sells a bicycle for N$ 1 730.25, make a profit of 5%. At what wholesale price did
the shop buy the bicycle?
Answer:​

Answer 1

$1643.74

Explanation:

The seller sell at $1730.25, makes 5%

Profit made = $1730.25*5% = $86.51

Hence, the wholesales price = Sales price - Profit made

Wholesales price = $1730.25 - $86.51

Wholesales price = $1643.74