Last year Jose sold a painting for $2000. If he made a 25%
profit on the sale, how much had he paid for the painting?

Answer Posted / amol

Selling price = 2000
Profit %= 20%
So 2000*20%=400(profit made)
Cost price =2000-400=1600
Answer is 1600

Is This Answer Correct ?    7 Yes 13 No



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