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A man sells a book for $80, making a profit of 60%. What was the cost price of t

Practice Questions

Q1
A man sells a book for $80, making a profit of 60%. What was the cost price of the book?
  1. $50
  2. $40
  3. $60
  4. $70

Questions & Step-by-Step Solutions

A man sells a book for $80, making a profit of 60%. What was the cost price of the book?
  • Profit Calculation – Understanding how to calculate profit percentage and its relation to cost price and selling price.
  • Algebraic Manipulation – Using algebra to solve for unknown variables in equations.
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