By selling a radio for Rs.903 a shopkeeper gains 5%. Find the cost price of radio.
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0
Answer:
what 5%
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can't understand
Answered by
2
Answer:
Selling Price=Rs.903
Selling Price=Rs.903Profit =5%
⇒ Percentage Profit =( Profit / Cost Price ) × 100
⇒ Percentage Profit / 100 = ( selling Price– Cost Price ) / Cost Price
⇒ 5 / 100 = Selling Price / Cost Price − 1
⇒ 903 / Cost Price = 105 / 100
⇒ Cost Price = 100 × 903 / 105 = 860
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