A man sells s Scooter for rupees 18000 making a profit of 20 % how much did the scooter cost
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Answer:
Rs 15000 is the answer.
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Given: Selling Price of Scooter = 18000 Rs.
Percentage profit on Scooter = 20 %
To Find: Cost Price of the scooter.
Solution:
By the Formula to calculate
Profit = Selling Price - Cost Price
%Profit = (profit / cost price ) x 100
20% = (profit / cost price ) x 100
profit / cost price = 20 / 100
profit = cost price x 0.2
therefore ,
cost price x 0.2 = Selling Price - Cost Price
cost price x (1.2) = selling price
cost price = 18000 / 1.2
= 15000
The Cost price of the scooter = 15000 Rs.
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