A shopkeeper made a profit of 14% by selling an item at $57. Find the cost price of the item.
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profit% = 14%
selling price = Rs. 57
To find => cost price
profit % =
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Soln:-
Cost price of the item,
C. P. = Rs.50/-
Given :-
Profit percentage = 14%
selling price (s. p.) = $57/-
C. P. is 'X',
Profit amt,
Amt = 14x/100 = Profit amt
Selling price - Profit amt = Cost price
57 - 14x/100 = x
5700 - 14x = 100x
114x = 5700
x = 50/-
Cost price of the item = Rs.50/-
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