When a dealer sells a bicycle for N81 he makes a profit o...
When a dealer sells a bicycle for N81 he makes a profit of 80%. What did he pay for the bicycle?
N73
N74.52
N75
N87.48
N75.52
Correct answer is C
Profit = 8%
∴
108% = N81
100% = \frac{81}{108} \times 100
= \frac{8100}{108} = N75
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