Question

By selling a ratio for rupees 903 a shop keeper gains 5%. Find the cost price of the ratio ?

Answer 1

Rs. 860 is the cost price of the radio.

Given:  

Selling price (S.P) = 903

Profit = 5%

To find:

C.P = ?

Solution:

CP ( 1+ g% /100) = SP

x(1 + 5/100) = 903

105 x /100 = 903

x = 903 x 100/ 105

x = 860

Therefore, C.P = Rs. 860  

Therefore, the cost price of the radio was 860 rupees.

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