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
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 =10025=75

If the car is sold for $=12,000 its cost is =75100×12,000=$.9,000

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