Answer:
91520 unit cost
Step-by-step explanation:
Let sp = x
Then, we know:
- Profit% = (Profit/CP)* 100
=> 4*CP/100 = Profit ( Make Profit the subject of this equation)
We know Profit = sp-cp
Thus, rewriting the equation:
Solve for x:
- 4*880 = x - 88000
- 3520 + 88000 = x
- x = 91520
So the selling price is 91520 unit cost.
