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PLEASE HELP ASAP
A shop sells a washing machine for £236.25, making a profit of 5%. At what wholesale price did the shop buy the washing machine?
Original price = £

Respuesta :

sqdancefan

Answer:

  £225

Step-by-step explanation:

The relationship between the cost price (cp) and the selling price (sp) is ...

  cp + 5% × cp = sp

  cp(1.05) = sp . . . . . . collect terms

  cp = sp/1.05 . . . . . . divide by 1.05

  cp = £236.25/1.05 = £225

The original wholesale price was £225.

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