# 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:

**Showing 1 comment:**

**Jane**

Hi,

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

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

Tips for related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

#### You need to know the following knowledge to solve this word math problem:

#### Units of physical quantities:

#### Grade of the word problem:

## Related math problems and questions:

- Cost and profit

Find the cost price of an article that was sold for 90.00 at a profit of 20 percent. - Cost and sell price

A wholesaler sold items at a profit of 20% of the sales, which was a profit of P52.80. What were the cost price and selling price of the item? - The marked

The marked price of the item was P62.50. At a seasonal sale, a discount was given 20% discount, leaving the dealer a profit of 14 2/7 % of the cost of each item. Find the profit and the cost price. - A wholesale

A wholesale dealer purchased an item from a manufacturer for P2400 less 25% and 25% and sold the same item for P1620. Find the profit and the percent of the profit on cost. - Car repair

John bought a car for a certain sum of money. He spent 10% of the cost on repairs and sold the car for a profit of Rs. 11000. How much did he spend on repairs if he made a profit of 20%? - Profit and loss

Find the cost price and the profit and loss if the percent of profit and loss is based on cost price, Selling Price P2.34, and the percent of profit is 8 1/3%. Find the profit and cost price. - Profit margin

If total sales for the month are $450,000 and the profit margin is 40%, how much was the cost of goods sold? - Seasonal sale

The bike became cheaper on the seasonal sale by 22%, which is 88 euros. At what price is it sold now? - Retail

At what price bought the retail 1 kg goods from wholesale if lost in the distribution is 4% of the weight of the goods, and retail still have a profit of 6.3%? Goods are sold at retail for 25 euro per kg. - A merchant

A merchant sold an item for P8520.00 making a profit equal to 1/6 of his selling price. What was the amount of his profit? - A two

A two-year-old car was sold for USD 30000, 50% less than the price when new. Calculate the cost of the vehicle when new. - Decreased 6181

The plasma TV happened at Christmas. Case 738eur. After Christmas. The shop sold it out on holidays, and its price decreased by 12%. How much did the TV cost after the discount? - Special sale

At a special sale, an article is sold at $32, which is 20% below the original cost. What did the article cost? - Lemonade

In January, 2 liters of lemonade were sold for CZK 24, while in February, 2.5 liters of lemonade were sold at the same price. How much percent was 1 liter of lemonade cheaper in February than in January? - Donated 7192

Mom donated 120 € to Jožek per bike, which was 60% of the bike's price. How much did the bike cost? - Practicing piano

Hoor spent 15 hours last week practicing piano. If 3/7 of the time was spent practicing warm-up routines, how much time did he spend practicing warm-up routines? - Initially 44521

The dress initially cost € 30 and was 20% cheaper on sale. What is the new price of the dress? The latest price is: