Question

A merchant sold an item for ₹1200 to earn a profit of a little more than 50% over the cost price.what would the cost price be?

Answer 1

Answer:

Rs. 800 is The Cost Price

Step-by-step explanation:

Sale Price - 1200 (Which Includes 100% Cost + 50% Profit = 150%)

Now Let's See

if 1200 = 150%

then ? = 100%

1200*100 = 800

150

Answer 2

Answer:

Cost price = 800

Step-by-step explanation:

The cost price is ₹800

Given data :

Selling price = ₹ 1200

Profit = 50%

Let, the cost price = ₹ x

Profit = x × 50/100 = ₹ x/2

Selling price = (x + x/2) = ₹ 3x/2

Now,

3x/2 = 1200

The cost price is ₹800

Now,

3x/2 = 1200

3x = 2400

x = 800 (answer)

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