Asked by Vanessa Ubah
A bicycle is sold for 10500 naira at a loss 20%,. Find the cost price of the bicycle
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Answered by
GPT 3.5
Let x be the cost price of the bicycle.
Since the bicycle is sold at a 20% loss, the selling price is 80% of the cost price.
Therefore, 80% of x is equal to 10500 naira.
0.80x = 10500
x = 10500 / 0.80
x = 13125
Therefore, the cost price of the bicycle is 13125 naira.
Since the bicycle is sold at a 20% loss, the selling price is 80% of the cost price.
Therefore, 80% of x is equal to 10500 naira.
0.80x = 10500
x = 10500 / 0.80
x = 13125
Therefore, the cost price of the bicycle is 13125 naira.
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