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If a person sells an article for $1200 at a profit of 20%, what was the cost pri
Practice Questions
Q1
If a person sells an article for $1200 at a profit of 20%, what was the cost price?
$1000
$1100
$900
$1200
Questions & Step-by-Step Solutions
If a person sells an article for $1200 at a profit of 20%, what was the cost price?
Steps
Concepts
Profit Calculation
– Understanding how to calculate cost price from selling price and profit percentage.
Percentage Increase
– Applying the concept of percentage increase to determine the original value before profit was added.
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