Question

A profit of 15% is made when an articles is sold for rupees 476

Answer 1

Answer:

Let the CP of an article be ₹x

A/q

x + 15% of x = 476

=> x + 15x/100 = 476

=> (100x + 15x)/100 = 476

=> 115x/100 = 476

=> x = (476 × 100)/115

= 413.9

= ₹ 414 (approx.)

Hence the CP of an article is ₹414 .

Hope it helps you...