By selling a calculator for 1500 , Anil earns a profit of 25 % . Find its cost price . [find its cost price]
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Step-by-step explanation:
sale price = 1500
profit % = 25
cost price = ?
Profit = S.P - C.P
= 1500 - C.P
profit % = (profit / C.P) x 100
25 = (( 1500 - C.P ) / C.P )) x 100
25 C.P= ( 150000 - 100 C.P)
25 C.P + 100 C.P = 150000
125 C.P = 150000
C.P = 150000 / 125
C.P = 1200
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