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) About Me  (Show Source):
You can put this solution on YOUR website!
The markup on cost is m%5BC%5D+=+M%2FC, where M is the markup value and C is the total cost.
==> 0.625+=+85%2FC ==> C = 85/0.625 = K136.