A man bought a mobile phone for Rs 6250 and sold it for 24% profit. Find the cost price of the mobile phone
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Answer:
Rs. 4750
Step-by-step explanation:
24% can also be written as 24/100 as,
fraction = number of eaten or given / total
And there is total 100%.
Now, the formula is SP = CP - L/100 x CP
SP =Selling price
CP=Cost price
L = the profit or loss
Equation formed will be ,
6250-24/100 x 6250
= Rs. 4750
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