Question

A shopkeeper makes a profit of 15% by selling an article for Rs. 2300. What was the cost
price of the article and the actual profit (profit in rupees) .with full explanation

Answer 1

Answer:

Given that the SP of a book =Rs.230

Profit%=15

Since

CP=(SP×100)÷(100+profit %)

CP=(230×100)÷(100+15)

CP=23000÷115=Rs.200

Also,

Profit=SP−CP=Rs.(230−200)=Rs.30

Actual profit=Rs.30

C.P.=Rs200,Profit=Rs30