Question

a purchased raw material and spend Rs 300 to finish the product. then he sold it to B at Rs 1100 and earned 10% profit. what is the cost of raw material?​

Answer 1

Answer:cost of raw materials= 700

Step-by-step explanation:

Let the price of raw materials be x

Then A spent a total of 300 + x

Since,

Total money spent by A + profit of 10% = 1100

x + 300 + 10% of x+300 = 1100

x + 300 + 10/100(300 + x)= 1100

x + 300 + (300+x)/10 = 1100

10x + 3300 + 300 + x = 11000(Sending 10 to RHS)

11x= 7700

x = 700

Therefore, Price of raw materials== 700

Hope it helps

Answer 2

Answer:

%of profit =p/cp ×100

Step-by-step explanation: