Question

By selling a jacket for rupees 864,a shopkeeper earns a profit of 8%. find the cost price.

Answer 1

Step-by-step explanation:

CP= 100*sp/(100+profit percent)

let cp be X.

x= 100*864/(100+8)

x= 86400/108

by cancellation,

X = 800

CP=800

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Answer 2

Step-by-step explanation:

SP =₹864

Profit=8%

CP=100÷(100+Profit%)×SP

=100÷(100+8%)×864

=₹800