Answer
Selling price = $ 925
Mark percentage = 62%
[tex]\begin{gathered} \text{Let's x represent Cost price i.e C. P=x} \\ \text{Selling price =C P +profit} \\ Profit\text{ =}\frac{\text{62x}}{100} \\ \\ S\text{. P =x+}\frac{\text{62x}}{100} \\ S\text{. P=x+0.62x} \\ S\mathrm{}P=1.62x \\ \therefore1.62x=925 \\ \end{gathered}[/tex][tex]\begin{gathered} \therefore1.62x=925 \\ \text{Divide both sides by 1.62} \\ \therefore\frac{1.62x}{1.62}=\frac{925}{1.62} \\ \\ x=570.99 \end{gathered}[/tex]The cost price is 570.
