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A man sells his new brand car for ₦420,000 at a gain of 15%. What did it cost ...



Dicussion (1)

  • Cost Price:
    Selling price = 100 : (100 + 15)
    = 100 : 115
    Cost Price
    = 100 ÷ 115 of selling price (i.e ₦420,000)
    = 100 ÷ 15 × ₦420,000
    = ₦365,217.4
    ∴ Cost Price = ₦365, 217

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