Question

By selling a ball for 34.40, a man gains 7.5% what will be the cp of the ball?

Answer 1

Given

selling price = 34.40

gain percentage = 7.5%

gain percentage = gain / cost price *100

=(selling price - cost price)/cost price *100

let cost price = x

gain % =( 34.40-x/x)*100

0.075 = 34.40 -x /x

0.075x =34.4 -x

0.075x+x =34.4

1.075x = 34.4

x=34.40/1.075

x =32

Cost price = 32

hope its useful..!!

Answer 2

Concept:

Cost Price-

• The cost price is the sum of money used to produce goods or services before any profit is added for the manufacturer or provider.
• Other names for it include latest cost, average cost, and actual cost.
• The extra costs associated with production, real estate, materials, electricity, R&D, testing, worker salary, and other expenses are all included in the cost price.
• The cost price and the selling price of any thing are always used to determine profit and loss.

Given:

Selling Price = 34.4

Profit on Cost Price = 7.5%

Find:

Cost price?

Solution:

We know,

Selling price = cost price + Profit

Let cost price be x

34.4 = x + 0.075x

34.4 = 1.075x

x = 34.4 / 1.075

x = 32

Hence, we can conclude that Cost Price of the ball is 32.

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