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# [Smart Math] Percentages Problem 18

Here’s and example of a SMART MATH problem for PERCENTAGES.

### Problem

The cost for transportation amounts to 5% of the cost price. What is the cost price of goods sold for $1890 at 20% profit on the total outlay? 1.$1417.50
2. $1500 3.$1575
4. $1600 5.$1675

### The Usual Method

Let the cost price of the goods be $‘x Hence, price of goods after transportation = 1.05x Adding 20% to it, we get: $1.20\times 1.05\times x$ This is equal to$1890
$1.20\times 1.05\times x=1890$