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What is Selling Price Calculation Simplified about?

Ali bought a sofa for RM6000 and sold it at a 25% profit over the original cost. To calculate the selling price: 1) The cost was RM6000 2) To get a 25% profit, the selling price must be 125% of the original cost 3) 125% of RM6000 is 125/100 * RM6000 = RM7500 Therefore, the price Ali sold the sofa for was RM7500.

Author

Moghanathan Naganathan

Language

EN