Question

An article was sold for Rs.150 with a profit of 18%. Find the cost price.

Answer 1

cost price = ₹ 12.12

Step-by-step explanation:

s.p = ₹ 150

profit% = 18

$cp = \frac{sp \times 100}{100 + profit\%}$

$cp = \frac{150 \times 100}{100 + 18}$

$cp = \frac{15000}{118}$

cp = 127.1186440678..

cp = ₹ 12. 12 (approximately)