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A person sold a laptop for $1200 at a loss of 20%. What was the cost price?
Practice Questions
Q1
A person sold a laptop for $1200 at a loss of 20%. What was the cost price?
$1400
$1500
$1600
$1700
Questions & Step-by-Step Solutions
A person sold a laptop for $1200 at a loss of 20%. What was the cost price?
Steps
Concepts
Cost Price and Selling Price
– Understanding the relationship between cost price, selling price, and profit/loss percentage.
Percentage Calculations
– Calculating percentages and their impact on financial transactions.
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