Question

Apen is sold for Rs. 11 and makes the same percentage of profit for which it was purchased. Find its purchase price.

Answer 1

selling price = 11

he makes the same percentage of profit for which it was Purchased..

profit be x..

then cost price will also be x...

cost price + profit = selling price

x + x = 11

2x = 11

x = 11/2 = 5.5

so the Purchase price , profit= 5.5