A dealer sold a car for $12 000 and made a profit of 25%. ( Note that here selling price = cost price + profit.) How much did the car cost the dealer?

1 Answer
Nallasivam V
Jul 6, 2018

The cost of the car is #=$.9,000#

Explanation:

A dealer sold the car for #=$12,000#
His profit is #=25%#
The cost of the car #=?#

If the car is sold for #$.100# its cost is #=100-25=75#

If the car is sold for #$=12,000# its cost is #=75/100xx12,000=$.9,000#

The cost of the car is #=$.9,000#

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