Question

A scooter is sold for Rs. 18000 at a profit of 20%.The cost price of the scooter is

Answer 1

Answer:

15000

Step-by-step explanation:

selling price SP = 18000

Cost price= 100%

Profit = 20% = 120% of CP

So CP= 18000/120*100

Cost price of the scooter = 15000

Answer 2

✬ C.P = Rs 15,000 ✬

Step-by-step explanation:

Given:

• Selling Price of scooter is Rs 18000.
• Profit percent on scooter is 20%.

To Find:

• What is the Cost Price of scooter ?

Solution: If there S.P and Profit % are given and we need to find C.P then the formula for finding Cost price is

★ C.P = S.P $\times$ 100/100 + Profit % ★

Put the values on formula

$\implies \: \frac{18000 \times 100}{100 + 20} \\ \\ \implies \: \frac{1800000}{120} \\ \\ \implies \: 15000$

Hence, the Cost Price of scooter was Rs 15,000.

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• If there loss percent and selling price are given we use this formula

→ C.P = S.P $\times$ 100/100 – Loss%