A shopkeeper earns 40% profit on selling an object for Rs910.Find the cost price of that object.
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Answer:
profit % = 40 %
s.p = Rs.910
c.p = ?
now ,
profit% = s.p -c.p / c.p x 100 %
or , 40c.p = (910 - c.p) x 100%
or , 40 c.p = 91000 - 100c.p
or , 140c.p = 91000
or ,c.p = 91000 / 140
therefore , c.p = Rs 650
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