Question 1147406

PLEASE HELP ME SOLVETHIS:  If A Trader Gains 15% by Selling An Article For $1560.00, What Is The Cost Price
<pre>A GAIN of 15% means that the selling price is 115%, or 1.15, which is also represented by $1,560
With cost price being P, and since 100% (cost) is being sought, we set up the following PROPORTION: {{{matrix(1,3, 1.15/1 , "=", "$1,560"/P)}}}
Solve this for P, by first cross-multiplying, to obtain the cost price. 
<b>FYI:</b> It's definitely NOT $1,326, according to the other person.