Question

By selling a fan for Rs.649, Anil earns a profit of 18%. Find its cost price.

Answer 1

given

selling price = ₹649

profit percentage = 18%

cost price = 100/ 100 + profit% x sp .

cost price = 100 / 100 + 18 x 649

= 100/118 x 649 = 550 .

so , cost price = 550

hope it helps.

Answer 2

Answer:

The Cost Price of the fan is Rs.550.

Step-by-step explanation:

• Selling price of the fan is Rs.649.
• Let the cost price of the fan be x.
• Profit is 18% of the cost price , i.e. 18% of x =18x/100.
• We know that selling price = cost price + profit

   Hence , x+18x/100 = 649

     or,     118x/100 = 649

     or,      x = 649/118×100

  so,    x = 550

Hence, the Cost Price of the fan is Rs.550.