by selling a watch at rupees 418.5, Suresh gets 12.5 profit. find the cost price of a watch.
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It is a profit then
C. P=S.p-profit
C. P. =418.5-12.5
C. P. =405
Hope it will help you
Answered by
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Answer: If 12.5 is profit percentage then,
CP = (SP*100)/(100+ profit percentage)
= (Rs 418.5*100)/(100+12.5)
= 41850/112.5
= Rs 372
Therefore, cost price = Rs 372.
But if 12.5 is profit then,
CP = SP - Profit
= Rs 418.5 - Rs 12.5
= Rs 406
Therefore, CP = Rs 406
Hope it helps.
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