Question

By selling a table for i 330, a trader gains 10% profit. Then the cost of the table will be : '

Answer 1

Solution:

Selling price of a table (s.p)=Rs330

Gain(g) = 10%

Let the cost price = c.p

=> c.p = (s.p × 100)/(100+g)

= (330 × 100)/(100+10)

=(330×100)/110

= 3×100

= 300

Therefore,

Cost price of the table =c.p

= Rs 300

••••

Answer 2

Profit = 10% of 330

         = 10/100 * 330

         = Rs. 33

Cost price = SP - Profit

                 = 330 - 33

                 = 297

Thus, the cost price is Rs. 297

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