The store's cost is php40
Let's call the store Cost = C
This means that this cost is elevated a 150% in order to get the price of php60
In an mathematical expression, this is:
C · 150% = php60
Then, let's convert the percentage to decimal. To do this, we just divide the percentage by 100:
150% ÷ 100 = 1.5
Now we can solve:
[tex]\begin{gathered} C\cdot1.5=60 \\ C=\frac{60}{1.5}=40 \end{gathered}[/tex]Then the store cost is C = php40
