Question

By selling a painting for 26,000, Rita made
a profit of 30%. Find the price at which Rita
bought the painting.​

Answer 1

Answer:

SP = 26000

Profit% = 30%

CP = 100/100+Profit%*SP

CP = 100/100+30*26000

CP = 100/130*26000

CP = 20000

Therefore,Rita bought the painting in Rs. 20000

Answer 2

✬ Cost Price = Rs 20,000 ✬

Step-by-step explanation:

Given:

• Selling Price of painting is Rs 26,000
• Profit % is 30%.

To Find:

• What is cost price of the painting?

Solution: To find cost price when selling price and profit % are given we use the formula:-

★ C.P = { (100/100 + profit %) x S.P } ★

$\small\implies{\sf }$ C.P = { (100/100 + 30) x 26,000 }

$\small\implies{\sf }$ C.P = (100/130) x 26,000

$\small\implies{\sf }$ C.P = 10/13 x 26,000

$\small\implies{\sf }$ C.P = 10 x 2000

$\small\implies{\sf }$ C.P = 20,000

Hence, the cost price of the painting was Rs 20,000