Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

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

Sagot :

$1495 ÷ 1.15  (that's 115%) 
= $1300

there's your wholesale price. 

we can check it to make sure it's correct: 
$1300 × 1.15 = $1495
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