Question

By selling a radio for rs.528 , Mohit gains 10%.Find his cost price

Answer 1

Ans. 100÷100+gain% ×sp
putting all the given values in this formula
CP=100÷100+10×528
=100÷110×528
= 480
Hence CP is rs 480

Answer 2

Given,

SP = Rs. 528

Gain = 10%

Therefore,

CP = 100/100+10 × Rs. 528

= 100/110 × 528

= Rs. 480

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