Loren bought a roll of cloth and sold it for a 5% profit based on the selling price. If Loren`s profit was $45.5 total on the cloth, how much did it cost her to buy the cloth? Choices
A) $455. B) $525.5. C) $675. D) $810.5. E) $864.5
If the roll was sold for a 5% profit based on the cost, it means that of the total selling price, 95% was the cost, and 5% was the profit.   Selling price = 5% profit + 95% cost   5% profit = $45.5   Find: Cost - ?   Profit: 5% - $45.5   Cost: 95% - x   We cross multiply the values to find x:   x = (95∗45.5)/5(95∗45.5)/5 = $864.5   Answer: $864.5
<result>E</result>
Loren bought a roll of cloth and sold it for a 5% profit based on the selling price. If Loren`s profit was $45.5 total on the cloth, how much did it cost her to buy the cloth?