The cost price

Find the cost price of a piano that was sold at $12,000, on which a profit of 20% was made on cost.

Correct answer:

x =  10000

Step-by-step explanation:

p=100%+20%=1+10020=1.2  p x=12000  x=12000/p=12000/1.2=10000

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Showing 1 comment:

But in the module exercise the solution given was P20,000 as cost price . while my answer is P12,000/6= 2000, can you kindly enlighten me , pls.

Appreciate your help and assistance ,

Thanks ,

Mary Jane

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