Question

8) The selling price of 365 gives a profit of 30%. The cost price of the article is:


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Answer 1

Given,

Selling price = ₹365

Profit% = 30%

we know that, $cp = \frac{100}{100+profitpercent} * sp$

cp = $\frac{100}{100+30} * 365$

cp =

$\frac{100}{130} * 365$

By reducing to the lowest terms, we get the answer as:

cp = ₹280 $\frac{10}{13}$

Hope it helps

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