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16 February, 05:40

A lounge is sold making a 15% profit on the cost price. If the lounge was sold for $1495, what is the wholesale price?

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  1. 16 February, 08:59
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    Take the sale price and divide by 115 as that's the percentage of the sale price including the 15%

    $1495/115=$13

    then times that by 100 to find just the wholesale price without the added profit

    $13*100=$1300

    That will be the price without the profit
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