An article was sold by John at ₹ 56 which cost him ₹ x. He finds
that he gains x% on his cost price.
Answers
From the given question the correct answer is:
the cost price of an article is 55.44
And the profit gain on the article is 0.5%
Given:
Selling price S.P= ₹ 56
To find:
Cost price C.P
Gain profit
Solution:
we have selling price that is 56 Rs.
S.P=56 Rs.
Let, The Cost price C.P= ₹ x
Gain profit= x%
we always find the profit from this formulas :
profit = x/100
Profit = S.P - C.P
Now,
x/100 = 56 - x
x/100 + x = 56
x (1/100 + 1 ) = 56
x ( 101/100 ) = 56
x = 56 × 100/101
x = 5600 / 101
x = 55.44 Rs.
now , put the value of x in profit = x/100
x%=55.44/100
x%= 0.5%
Hence , the cost price of an article is 55.44
And the profit gain on the article is 0.5%
As we know that ;
Given:
An article was sold by John at ₹ 56
To find:
cost price of an article = ?
profit gain on the article = ?
Let us ;
we have a selling price that is 56 Rs.
S.P=56 Rs.
so,
The Cost price C.P= ₹ x
The Gain profit= x%
find the profit from these formulas :
profit = x/100
Profit = S.P - C.P
Now,
x/100 = 56 - x
x/100 + x = 56
x (1/100 + 1 ) = 56
x ( 101/100 ) = 56
x = 56 × 100/101
x = 5600 / 101
x = 55.44 Rs.
Now, put the value of x in profit = x/100
x%=55.44/100
x%= 0.5%
Hence, the cost price of an article is 55.44 and the profit gain on the article is 0.5%