Question

By selling a bat for Rs. 1500, a shopkeeper earns a profit of 20%, find the cost price of 12 such bats.

Answer 1

Step-by-step explanation:

Solution :-

SP of one bat = ₹ 1500

Profit % = 20%

For CP of one bat

CP = SP × 100 / (100 + profit %)

= 1500 × 100 / 100 + 20

= 150000 / 120

= ₹1250

CP of one bat = ₹1250

so CP of 12 bats = 1250 × 12

= ₹15000

hope it helps :)