Question

3. A man sold his buffalo for 7250 and gained 16%.
Find the cost price of the buffalo.​

Answer 1

The cost price of buffalo is Rs.6250.

Step-by-step explanation:

Given : A man sold his buffalo for 7250 and gained 16%.

To find : The cost price of the buffalo ?

Solution :

The selling price is SP=Rs.7250

The gain% is G%=16%

The cost price is given by,

$CP=\frac{100}{100+G\%}\times SP$

$CP=\frac{100}{100+16}\times 7250$

$CP=\frac{100}{116}\times 7250$

$CP=6250$

Therefore, the cost price of buffalo is Rs.6250.

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