Question

A person gains Rs 32.50 by selling an electric kettle,which is 12.5% of the cost price.Find its cost price.

Answer 1

Let the CP of Kettle be x

gain = 12.5% of x

According to question,

12.5% of x =32.50

x = (32.50×100)÷12.5

=3250÷12.5

=260rs

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