A trader earns 30 on selling his product at 15% above cost. The cost price is
1)300
2)200
3)150
4)400
Answers
Answered by
7
The correct answer is the option 2) 200 i.e the cost price of the product is Rs. 200.
Let the cost price of the product be Rs. x.
Profit earned on the product by the trader is equal to Rs. 30.
Selling price of the product = x + 15x/100 = 1.15x
Profit = selling price - cost price
=> 30 = 1.15x - x
=> 30 = 0.15x
=> x = Rs. 200
The cost price of the product is equal to Rs. 200
Answered by
1
Answer:
Hi Guys
Step-by-step explanation:
The answer which the up guy said is correct
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