Question

By selling a clock for ₹ 1560, the shopkeeper makes the profit of ₹ 360. Find the cost price of the clock. Also, find the profit percentage of the shopkeeper.​

Answer 1

Answer:

SP=CP+Profit

Profit=x%×CP=100x×CP,where x is the percent of profit

So, given SP=360

Profit=20%

Using above equation:-

360=CP+10020×CP

360=CP+5CP

CP=6360×5=300

Therefore, CP=300