Question

By selling a chair for $75,Jack gained as much per cent as its cost.Calculate the cost of the chair.

Answer 1

Hi Aaron. So, between 0% and 100% profit, how much do you think Jack profited?

Answer 2

@Sepeario

Answer 3

And 75%?

Answer 4

So $75 is the cost of the chair. If he gained as much as the cost, he would have profited 100%. This means that if the chair cost half the amount of $75, and he sold it for double the amount, the chair would have cost $75/2, which is?

Answer 5

The thing didn't make any sense to me :(

Answer 6

@Sepeario

Answer 7

Is it 50?

Answer 8

It is 75/2 (75 divided by two)