Question

1.An item is sold at a profit of 30% to its cost price. Had the profit been 30% of the present selling price, the vendor would have gained Rs. 540 more. What is the present selling price? (in rupees)
1. 5400 2. 6000 3. 7800 4. 9100​

Answer 1

Answer:

Let CP =x=x, so S.P =1.2x

When CP is Rs. 100 less,

CP=x−100

SP=1.2x−100

Now,

1.2x−100=1.24×(x−100)

On solving , we get

x=600

CP=Rs.600