Question

A dealer sells a toy for Rs. 24 and gains as much percent as the cost price of the toy. Find the cost price of the toy.

Answer 1

Answer:

SELLING PRICE = 24

LET COST PRICE BE X AND THE PERCENT BE X/100

PROFIT (GAIN) = SP - CP

X/100 = 24-X

X=24-X x 100

2X=2400

X= 1200

THEREFORE THE COST PRICE IS RS 1200

Answer 2

Step-by-step explanation:

cost of toy be x rs

gain x×x/100 =x^2/100

x+x^2/100=24

100x+x^2=2400

x^2+100x-2400=0

by solving it x becomes 20 rs

and 20% is the profit gain

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