a shopkeeper makes a profit of 15 %by selling books for 230.what is the cp and actual profit?
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Answer:
The cost price is Rs. 200 and Profit is Rs. 30.
Step-by-step explanation:
Given :
Profit = 15%
Selling price = Rs. 230
To find :
The Cost Price and Profit
Solution :
★ Cost price -
⇒ CP = 100/(100 + 15) × 230
⇒ CP = 100/(115) × 230
⇒ CP = 100 × 2
⇒ CP = 200
Cost Price = Rs. 200
★ Profit -
⇒ Profit = 230 - 200
⇒ Profit = 30
Therefore, the cost price is Rs. 200 and Profit is Rs. 30.
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