a man sold an article for Rs 322 gaining 1/6th of his outlay. find the cost price of the article
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Profit = 1/6, it means cost price is 6 and selling price will be (6+1)= 7
given selling price = 322 that is equal to 7 unit
so, if 7 unit = 322 then 6 unit =( 322/7)×6
46×6 = 276
so cost price is 276Rs
given selling price = 322 that is equal to 7 unit
so, if 7 unit = 322 then 6 unit =( 322/7)×6
46×6 = 276
so cost price is 276Rs
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