SOLUTION: Felix sold a torch so as to gain K85.00 he had made a profit of 62 1/2%.What did the torch cost him?

SOLUTION: Felix sold a torch so as to gain K85.00 he had made a profit of 62 1/2%.What did the torch cost him?

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Question 1024192: Felix sold a torch so as to gain K85.00 he had made a profit of 62 1/2%.What did the torch cost him?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
The markup on cost is , where M is the markup value and C is the total cost.
==> ==> C = 85/0.625 = K136.
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