Answer:
The cost of the item was $31.68
Step-by-step explanation:
Things to understand for this type of question!
• Converting
• Percentage
————————————————————
We are trying to find out 12% or $264
Step 1. Use part/whole = part/whole
12% is part of $264 in total
12%/100% = ?/$264
Step 2. Multiply $264 by 12% and divided by 100
12%/100% = $31.68/$264
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Therefore, the shop owner loss $31.68
