Find the buying price if the selling price is 240 and profit is 20 percent​

192

Step-by-step explanation:

You have to find 20% of 240.

So write 20% as 20 over 240 in fraction form.

Since, finding the fraction of a number is same as multiplying the fraction with the number, we have

of 240 = × 240

Therefore, the answer is 48

If you are using a calculator, simply enter 20÷100×240 which will give you 48 as the answer.

Now since it  wants to know how much you paid for the goods you do 240-48=192

So since a company is selling goods with a 20% profit

That means they bought it from somewhere else

Because they had to be manufactured

It wants how much the company paid the company that manufactured the goods

I hope this helped. Some resources that are helpful to look at in case of any more confusion are:

https://answers.everydaycalculation.com/percent-of/20-240

https://www.mathsisfun.com/

https://www.ixl.com/

Good luck young mathematician!

step-by-step :

answer is 12345678900987654321234567890987654321

step-by-step explanation: