SOLUTION: Jason sold a mobile phone for $560 a shopkeeper made a profit of 20%. What was his cost price? what that means?

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Question 941396: Jason sold a mobile phone for $560 a shopkeeper made a profit of 20%. What was his cost price?

what that means?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
I'm assuming Jason was the shopkeeper(?).
C%2B%2820%2F100%29C=560
C%281.2%29=560
C=560%2F1.2
C=466.67