Answer:
The cost price = GHc 16.00
Step-by-step explanation:
Selling price = GHC 20.00
Profit Percent = 25%
Cost price = ?
Formula for finding cost price =
[tex] \frac{100}{100 + profit \: percent} \times selling \: price[/tex]
Let's insert the numbers
[tex] \frac{100}{100 + 25} \times 20 \\ = \frac{100}{125} \times 20 \\ = \frac{4}{5} \times 20 \\ = \frac{4 \times 20}{5} \\ = \frac{80}{5} \\ = 16[/tex]
So therefore ; the cost price is GHC 16.00
