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