Amazing Computers sells a gaming laptop for R24 516. If the profit margin (on cost price) of the laptop is 8%, what is the cost price of the laptop?

Respuesta :

Based on the information given the cost price of the laptop is :$22,554.72.

Using this formula

Cost price=Sales price×(100%-Profit margin )

Where:

Sales price=$24,516

Profit margin=8%

Let plug in the formula

Cost price=$24,516×(100%-8%)

Cost price=$24,516×92%

Cost price=$22,554.72

Inconclusion the cost price of the laptop is :$22,554.72.

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