Question

A T.V set is sold for Rs 15000.The gross profit is 1/3 of cost,what are cost and gross profit is? Explain it step by step briefly...​

Answer 1

Answer:

selling price=Rs 15000

let the cost price is Rs x

then profit is Rs x/3

so, x+x/3=15000

=> 4x/3=15000

=> 4x=15000×3

=> x=15000×3/4

=> x=3750×3

=> x=11250

so cost price =Rs 11250

gross profit=Rs (15000-11250)=Rs 3750