Question

A man sells his scooter for Rs 18000 making a profit of 20%. How much did the scooter

cost him? please follow ​

Answer 1

Answer:

Rs 15000

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Answer 2

Solution:-

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◉ Here the question has given us the SP of a product that is Rs. 18000 and the profit made by the seller. Now, the question has asked us to find the selling price of the product. So, to find the CP we need to apply the formula of CP when profit% is given.

ANSWER:-

✩ The CP will be Rs. 15,000.

GIVEN:-

↠ Selling price of the product = Rs. 18,000

↠ Profit made by the seller = 20%

TO FIND:-

↣ Cost price = ?

FORMULA:-

↪ CP when Profit Percent is given = (SP × 100 / 100 + Profit %)

SOLVING BY APPLYING THE FORMULA:-

↠ CP = Rs. 18000

↠ Profit% = 20%

↪ SP when Profit Percent is given = (SP × 100 / 100 + Profit %)

↦ Cost price = (18000 × 100 / 100 + 20)

↦ Cost price = (1800000 / 120)

↦ Cancel 1800000 by 120.

↦ Cost price = 1800000 / 120 = 15,000

↦ Cost price = Rs. 15,000

Hence, the CP is Rs. 15,000.

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1. Profit = (SP > CP) = SP - CP
2. Loss = (CP > SP) = CP - SP
3. Profit% = (Profit × 100 / CP)%
4. Loss% = (Loss × 100 / CP)%
5. SP when Profit Percent is given = (100 + Profit % / 100)× CP
6. CP when Profit Percent is given = (SP × 100 / 100 + Profit %)
7. SP when Loss Percent is given = (100 - Loss / 100)× CP
8. CP when Loss Percent is given = (SP × 100 / 100 - Loss)

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