Let the cost price of the article be x.
Profit percentage = 20%
Profit = 20% of x = 0.2x
Selling price = Cost price + Profit
150 = x + 0.2x
150 = 1.2x
x = 150/1.2
Therefore, the cost price of the article was N125.
A trader sold an article for N150 and made a profit of 20%. What was the cost price of the article
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