Loren bought a roll of cloth and sold it for a 5% profit. If

Question

Loren bought a roll of cloth and sold it for a 5% profit. If Loren?s profit was $45.5 total on the cloth, how much did it cost her to buy the cloth?

(a) $455.
(b) $525.5.
(c) $675.
(d) $810.5.
(e) $864.5.

hardworker_indian · Answer

I got an asnwer $910.

(5/100)x = 45.5
x = 910

carsen · Answer

As done above. The price is 910 (selling price, since he made a profit of 45.5, we substract it.) 

Profit = Selling price - Cost price. 
therefore cost price = Selling price - profit. 

Profit is 45.5 and selling price is 910 

910-45.5= 864.5 

Regards

hardworker_indian · Answer

Carsen, 5% profit was calculated from CP, not SP.
Hence 910 is the CP, not SP.

And the Q asks for CP too.

(He actually bought it for 910 and sold it for 955.5, a profit of 45.5)

Check if this helps:
CP---------SP---------Profit
100--------105--------5
X-----------955.5------45.5

(5/100)x = 45.5 
x = 910

carsen · Answer

U r right. My mistake. It is 910 (cost price).

Loren bought a roll of cloth and sold it for a 5% profit. If

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