Question

An article is sold at a profit of 30 rupess , which represents 15% of the selling Price find the cost price?​

Answer 1

Answer:

Rs. 170

Step-by-step explanation:

Profit = Rs. 30

=> 15% of SP= 30

=> 15/100 * SP = 30

=> SP= (30*100)/15

=> SP= Rs. 200

Then, CP= SP - Profit = 200-30= Rs. 170.

Answer 2

Concept:
Cost price (CP) is the price at which something is bought or the cost of manufacture of the product.
The selling price (SP) is the price at which that product is sold.
Profit is the difference between the cost price from the selling price in case the selling price is more than the cost price.
Profit=Sell

Given: Profit = Rs 30
Profit = 15% of SP

Find: Determine the Cost Price

Solution:
Profit = 15% of SP
⇒30 = (15/100) × SP
⇒SP = Rs 200
So, SP - CP = Profit = Rs 30
⇒ 200 - CP = 30
⇒ CP = 200 - 30 = 170

Hence, the cost price of the product is Rs 170.

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