SOLUTION: what is the cost of a cel phone which is sold for 250 if the percentage markup is 25% on cost also find the amount of profit per unit sold

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Question 821228: what is the cost of a cel phone which is sold for 250 if the percentage markup is 25% on cost also find the amount of profit per unit sold
Answer by LinnW(1048) About Me  (Show Source):
You can put this solution on YOUR website!
Let c = the original cost
The sales price, 250 = c + (25%)(c)
250 = c + 0.25c
250 = 1.25c
Divide each side by 1.25
250/1.25 = c
200 = c
The profit is 250 - 200 = 50 .