Question

A bedsheet was sold for $483 thereby gaining 15%. find the C.P of the bedsheets​

Answer 1

Answer:

The cost is $420.

Step-by-step explanation:

The cost price of the bed sheet is $420.

Solution:

Selling Price of the bed sheet = $483

Gain = 15%

Formula for Cost Price:

C.P = 100/(100 + Gain%) * S.P

=> 100/115 * 483

=> 420

Hence, the cost price of the bed sheet is $420.

Answer 2

Given : A bedsheet was sold for $483 thereby gaining 15%.

To find : The C.P. (cost price) of the bedsheet.

Solution :

We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the C.P. of the bedsheet)

Let, the C.P. (cost price) of the bedsheet = $ x

The bedsheet was sold by gaining 15%. Which means, there's a profit of 15% while selling the bedsheet.

So,

Profit amount :

= C.P. × 15%

= x × 15/100

= $ 3x/20

And,

The S.P. (selling price) :

= C.P. + Profit amount

= x + (3x/20)

= (20x + 3x)/20

= $ 23x/20

According to the data mentioned in the question,

23x/20 = 483

x = 483 × 20/23

x = 420

So, the C.P. of the bedsheet = $ x = $420

(This will be considered as the final result.)

Hence, the C.P. (cost price) of the bedsheet is $420