Question

A man sold an article for Rs.432 and gained 8%, Find the cost price of the
article

Answer 1

Answer:

formula = 100+8/100*SP

= 108/100*432

= 1.08*432

= 466.56

Answer 2

Answer:

Rs. 400

let cp be rs. 100

profit % = 8 %

so profit = rs. 8

sp = cp + p

= rs. 100 + rs. 8

= rs. 108

when sp rs. 108 , then cp = 100

when sp rs. 1 , then cp = 100÷108

when sp. be rs. 432 then cp = ( 100÷108) × 432

= rs. 400