Question

by selling a scooter to a customer for rs. 11,200,an auto dealer makes a profit of 12% on the cost price. Find the cost price

Answer 1

solution:

Selling price of a scooter (s.p) = Rs 11,200

profit (g) = 12%

Let the cost price = c.p

c.p = (s.p × 100)/(100+g)

= (11200 × 100)/(100+12)

= (11200×100)/112

= 100×100

= Rs 10000

Therefore,

cost price of the scooter =

Rs 10000

••••

Answer 2

SP=11200

PROFIT%=12%

CP=100*SP/100+PROFIT%

CP=100*11200/112

CP=10,000 ans.