Question

8.
On selling a product for Rs. 4560,
Raju incurs a profit equal to 35% of the
profit made on the same product when it
is sold for Rs. 7540. Find the cost price of
the product.
(1)Rs. 2855 (2) Rs. 2897
(3) Rs. 2955
(4) Rs. 2997​

Answer 1

Answer:

3)2955.38

Step-by-step explanation:

Let x is the cost price

4560 - x = 35 % (7540-x)

4560 = 2369 - 35%(x) + x

1921 = x - 35%(x)

or

1921 = 65%(x)

x = (1921/65)×100

x = 2955.38, the cost price.