a shopkeeper sells an article and earn profit of 30 %. if he sold the article of rs 52000 cp =
Answers
➤ Given :-
Selling price of an article :- ₹52000
Profit percentage :- 30%
➤ To Find :-
Cost price of the article
➤ Formula required :-
How to do :-
Here, we are given that the cost price of an article is ₹52000 and he gained 30% by selling that article. So, we should find the cost price of an article. We can find the cost price by using the formula given above. If the shopkeeper had obtained loss then we should subtract 100 and loss percentage in the denominator in the given formula.
➤ Solution :-
Cost price of an article :-
The cost price of an article is ₹40000.
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Some related formulas :-
Profit :-
Loss :-
Profit percentage :-
Loss percentage :-
Selling price :-
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More to know :-
- Cost price is the amount at which an item is bought.
- Selling price is the amount at which an item is sold.
- Profit is obtained when the selling price is greater than the cost price.
- Loss is obtained when the cost price is greater than the selling price.
Given:
- Profit % = 30 %
- S.P [Selling price]= ₹52000
To find:
- C.P [Cost price]
Solution:
We know:
By using this formula we can find value of C.P
Know More :D
⇢ Profit = S.P - C.P
⇢ Loss = C.P - S.P
⇢ C.P = S.P - Profit
⇢ C.P = S.P + Loss
⇢ S.P = C.P + Profit
⇢ S.P = C.P - Loss
⇢ Profit % = (Profit/C.P) × 100
⇢ Loss % = (Loss/C.P) × 100
⇢ S.P = [(100 + P%)÷100]×100
⇢ Profit = (P% ×C.P)÷100