Question

A shopkeeper sold a bicycle for rs 1485 at a profit of 8%. Find the cost price of a bicycle

Answer 1

their is a formula cp=(100/100+ gain%)×sp

Answer 2

Answer:

Rs.1375

Step-by-step explanation:

Given : Selling Price of Bicycle S.P. = Rs.1485

            Profit % = 8 %

To Find: Find the cost price of a bicycle

Solution:

S.P. of Bicycle  = Rs.1485

Profit % = 8 %

Formula of Cost Price : $C.P. = \frac{S.P. \times 100}{100+Profit\%}$

So, $C.P. = \frac{1485 \times 100}{100+8}$

$C.P. = \frac{148500}{108}$

$C.P. = 1375$

Hence the cost price of a bicycle is Rs.1375