Question

A shopkeeper makes a profit of 15% by selling a book for Rs 230. What is the C.P. and The actual profit?

Answer 1

profit= 15%

selling price= ₹230

let Cost price be x

sp = x(1 + 15/100)

230 = x(1 + 3/20)

230 = x × 23/20

230 × 20/23 = x

200% = x

loss= ₹(100-20)=₹30

loss% = 30/100 × 100% = 30%

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