Question

By selling an article for 112000, a girl gains 40%. Find the cost price of the article.​

Answer 1

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the cost price of the article is Rs.80000

Given:

Selling price of an article =Rs.1,12,000

Gain =40%

To Find:

Cost price(CP) of article

Solution:

Let the Cost Price of the article be x.

By using this formula,

$Selling \: price=cost \: price + \frac{profit \:\% }{cost \: prize}$

Now,

implementing the above formula,

we get

⇒$112000=x+x \times \frac{40}{100}$

or, 

⇒$x= \frac{112000×5}{7}$

⇒x=16000×5

∴

x=Rs.80,000

Hence, the cost price of the article was Rs.80,000.