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Janice sold a jacket for R1 840.00 (VAT inclusive). If her mark-up percentage as a percentage of cost is 20%, what is the cost price

Janice sold a jacket for R1 840.00 (VAT inclusive). If her mark-up percentage as a percentage of cost is 20%, what is the cost price of the product?

NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

3. Round the amount off to the nearest Rand (eg: 12141.72 is 12142)

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