A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain 640 more. Find the initial cost price of the cow.

A cow was sold at 8% profit. If it were bought at 20% less and sold at

1.	A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain 640 more. Find the initial cost price of the cow.
A.	15,000
B.	16,000
C.	20,000
D.	25,000
Answer» C. 20,000

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A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain 640 more. Find the initial cost price of the cow.

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