Question

By selling an item for ₹434. Ramesh makes a profit of 24%. What was the price that रमेश sell

Answer 1

Selling Price of the Item = Rs. 434
Profit % = 24 %.

Using the Formula, 

 S.P. = [(100 + P%)/100] × C.P. 
434 = [(100 + 24)/100] × C.P.
43400 = 124 × C.P.
C.P. = 43400/124
C.P. = Rs. 350 


Hence, the cost price of the item is Rs. 350. 


Hope it helps.