Question

1
5. When an article is sold for 70,1/7th of the selling price is the profit. If the person
wants 20% profit on the cost price, what will be the selling price?
(1) 74 (2) 72 (3) 75 (4) 73
6 cost price of​

Answer 1

Answer:

74

Step-by-step explanation:

S P = 70

profit 1/7 of profit

1/7 of 70= 1/7×70= 10

20% of70=14

70+14=74

Answer 2

Step-by-step explanation:

1/7th of 70 = 10

for 20% profit

70* 20/100

14

70-10= 60

is the cost price.

so 60+14= 74

so, option (1) is the answer.