Question

An article was sold for Rs 5555 with Rs 666 profit. Find the purchased price.​

Answer 1

Answer:

Selling price = Rs 250

Profit = 5 %

Profit (%)

= (SP-CP)/CP x 100 5

= (250-CP)/CP x 100 105CP

= 25000 CP

= Rs 238

Answer 2

Before, finding the answer. Let's find out on how we can find the answer.

• The formula to find C.P when profit is given :

$\sf \dfrac{s.p \times 100}{100 + profit}$

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Given :

Sold price = Rs. 5555

Profit = Rs. 666

To find :

Cost price

Solution :

We know the formula for Cost price which is :

$\sf \dfrac{s.p \times 100}{100 + profit}$

So,

$\sf Cost Price = \dfrac{5555 \times 100}{100 + 666}$

$\sf Cost Price = \dfrac{555500}{766}$

$\sf \: Cost Price = Rs. 725.19$

Hence, the Cost Price is Rs. 725.19

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Know more :

• Formula for Cost Price if Profit is given :

$\sf \dfrac{s.p \times 100}{100 + profit}$

• Formula for Cost Price if Loss is given :

$\sf \dfrac{s.p \times 100}{100 - loss}$