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A hardware store is selling a lawnmower for $300. If the store makes a 25% profit on the sale, what is the store’s cost for the lawnmower?
A $210
B $225
C $240
D $250
E $275
A $210
B $225
C $240
D $250
E $275
06 Feb 2022, 01:34
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Bunuel
A hardware store is selling a lawnmower for $300. If the store makes a 25% profit on the sale, what is the store’s cost for the lawnmower?
A $210
B $225
C $240
D $250
E $275
A $210
B $225
C $240
D $250
E $275
profit % = SP- CP / CP ;
300- CP/ CP = 25/100 ;
1200= 5CP
CP = 240
option C
06 Feb 2022, 01:38
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Let the cost price be x
We know that , the profit is 25%. Therefore the selling price = x * (1 + \(\frac{25}{100}\))
1.25 * x = 300
x = \(\frac{300}{1.25}\) = $240
We know that , the profit is 25%. Therefore the selling price = x * (1 + \(\frac{25}{100}\))
1.25 * x = 300
x = \(\frac{300}{1.25}\) = $240
