to make a profit of 100% a bicycle must be sold for $240.what is the cost price of the bicycle?

5 Answers

Relevance
  • 4 weeks ago

    half the selling price

  • 4 weeks ago

    120.00.....................................100%  profit means double the original cost.  120.00 x 2 = 240.00

  • 4 weeks ago

    $0.00.

    However wrote your homework question used the wrong base.

    Profit % is calculated on the SALES price, not the acquisition price.

    The answer your homework wants assumes profit of 100% of what the seller paid, that means they paid half of what they sold for. From there it is 2nd grade math.

    Update: Whoever gave me the Thumbs Down never took a class in retail accounting. They also didn't READ the last half of my answer where I explained what the homework question was asking for.

  • amy
    Lv 6
    4 weeks ago

    dude just divide it by 100. 

  • How do you think about the answers? You can sign in to vote the answer.
  • Fuhr
    Lv 6
    4 weeks ago

    Seven            .

Still have questions? Get your answers by asking now.