A shopkeeper sells a tricycle for kids at Rs 1260. If 40% profit is earned on selling a tricycle, then what is the cost price of a tricycle?
Answers
Answered by
55
Answer:
sp -1260
profit -40%
cp = 100 / 100+ profit × sp
=100/ 100+40 × 1260
= 100/140 ×1260
=900
=
Answered by
4
Given:
The selling price of the tricycle = Rs. 1260
Profit earned = 40%
To Find:
The cost price of the tricycle
Solution:
Using the formula to calculate profit -
CP = SP x 100/ 100 + Profit%
Substituting the values -
CP = 1260 x 100 / 100 + 40
CP = 12600/140
CP = 900
Answer: The selling price of the box is Rs. 900
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