a shopkeeper sold an item for Rs.300, thereby making a profit of 25%. What did the item cost him?
Please help me.
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Step-by-step explanation:
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Step-by-step explanation:
This is The Answer
25%=1/4
Now sp=4
P=1
Because he calculate profit on selling price
and cp=sp-p
Cp=4–1=3
Now 3 unit =300
Then 1 unit=300/3
So we get 1 unit =100
and our profit is=1unit as given above
So profit =100rs
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