When a dealer sells a bicycle for N81 he makes a profit of 8%. What did he pay for the bicycle?

Anikin

2 years ago

i think ther is a mistake somewhere, cause the solution says 8% but the question says 80
pls correct it

Emmyaustin

1 year ago

You said 70% but your explanation is showing it’s was calculated at 8%

daniell15

2 years ago

The answer is 45

primejohn

2 months ago

8+100=108%

Write it as 1.08%

81/1.08=N75

ephermida

1 year ago

no answer

Princekhal

4 years ago

Good

MichPamilerin

10 years ago

Here is the correct explanation:

selling price = N81

profit made = 80%

cost price = ?



formula to find cp when sp and gain % or loss % is given;

cost price = (100/100 + gain %) * selling price



(100/100 + 80%) * N81 = 44.9 Approximate N45.