Question

An article is sold for Rs.1,498 and the seller gains 7% on it. Find the cost price of the article.​

Answer 1

Answer:

selling price =1498rs

profit = 7%

since the profit is 7%on the value 1498

then profit (in rs) =1498*(7/100)

so profit = 104.86rs

so cost price = selling price - profit

= 1498 - 104.86

=1394.14rs

Answer 2

Answer is 1400(107-1498 then 100-1400)