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Question

A car dealer sells a scooter for $1000, which represents a 25% profit over the cost. What was the cost of the scooter to the dealer ($)?


  1. 600

  2. 800

  3. 500

  4. 700

  5. None of these


Solution

The correct option is B

800


Let the cost to the scooter be x

25% of x=25100x

x+25100x=1000

100x+25x100=1000

125x100=1000

x=800

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