A can earn 10% profit , if he sells his product at rs 3600. what was the cost price of his product in Ru.pees?
Answers
Answer:
Cost price = 3240
Step-by-step explanation:
Selling price of the product = 3600
Profit= 10% of 3600
= 10/100*3600
= 360.
Applying formula
Selling price(S.P) - Profit = Cost price
3600- 360 = Cost price(C.P)
3240= Cost price
Hence 3240 rupees is the cost price of the product
Given: A can earn 10% profit and selling price is rupees 3600.
To find: The cost price
Solution:
Let us assume the cost price is denoted by CP and the selling price is denoted by SP.
Now, SP is 3600 and the profit is 10%
We will now apply the formula, cost price= 100/100+p into the selling price
= 100/100+10 into 3600
= 100/110 into 3600
This will us the cost price as 32,727(approx).
The cost price is rupees 32,727.