Question

A book was sold for Rs 550 with the profit of 10 present. What was its cost price?

Answer 1

Cost price of book will be Rs 495

Step-by-step explanation:

• By multiplying Rs 550 by 10,

Rs 550 × 10 = Rs 5500

• By dividing 5500 by 10 or in short, taking the

10 percent of Rs 550

• We will get the gross profit of Rs 55.

• Subtract Rs 55 from the amount of Rs 550.

Rs 550 - Rs 55 = Rs 495

• The cost price of book will be 495