Bola sold a shirt at the rate of naira and made a profit of 25% what was the cost price

Answer 1

To solve the problem, we need to use the formula for calculating profit:

Profit = Selling Price - Cost Price

We know that Bola sold the shirt at the rate of naira, which is the selling price. We also know that the profit was 25% of the cost price. Let's represent the cost price as x.

Profit = 0.25x
Selling Price = naira

Using the formula for profit, we can write:

0.25x = naira - x

Simplifying the equation, we get:

1.25x = naira

Dividing both sides by 1.25, we get:

x = naira / 1.25

x = naira

Therefore, the cost price of the shirt was naira.