by selling a clock at Rs.375,a shopkeeper gains 25%.Find the cost price of clock
Answers
Answer:
answer is given in the attachment below
The cost price of clock = Rs. 300
Given :
By selling a clock at Rs. 375 , a shopkeeper gains 25%
To find :
The cost price of clock
Solution :
Step 1 of 2 :
Form the equation
Let cost price of clock = Rs. 100x
Since shopkeeper gains 25%
So profit amount = Rs. 25x
Selling price
= Rs. 100x + Rs. 25x
= Rs. 125x
By the given condition
125x = 375
Step 2 of 2 :
Find cost price of clock
125x = 375
⇒ x = 375/125
⇒ x = 3
The cost price of clock
= Rs. 100x
= Rs. ( 100 × 3 )
= Rs. 300
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