Offei, a petty trader sold goods for GH¢36,240. The gross profit being 33\(\frac{1}{3}\)% on cost. What was the cost price? - SchoolNGR

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Offei, a petty trader sold goods for GH¢36,240. The gross profit being ...

Offei, a petty trader sold goods for GH¢36,240. The gross profit being 33\(\frac{1}{3}\)% on cost. What was the cost price?

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A GH¢45,300
B GH¢28,992
C GH¢27,180
D GH¢24,160

Correct Answer: Option B

Explanation:

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