Question

by selling a cell phone for rs 1,000 , a shop keeper gains 5% find the cost price of cell phone

Answer 1

Solution

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Selling Price=Rs.903

Profit =5%

Percentage Profit =(  

C.P.

Profit

​

)×100

⇒  

100

PercentageProfit

​

=  

C.P

(S.P–C.P)

​

 

⇒  

100

5

​

=  

C.P

S.P

​

−1

⇒  

C.P

903

​

=  

100

105

​

 

C.P=100×  

105

903

​

=860

Hence, the cost price of the radio is Rs.860.

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Answer 2

Answer:

5% 0f 1000 is 50

So, 1000-50 is 950rs

The cost price of the cell phone is ₹950.

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