Question

by selling an item for rupees 693 ,smriti makes a profit os 26%.what was the price at which smriti purchased the item ? (A)rupees 550. (B) ruoees 560. (C) rupees 540 (D) rupees 575

Answer 1

Answer:

A - Rs  550

Step-by-step explanation:

Let say purchase price = P

Profit = (26/100)* P = 0.26P

Selling price = P + 0.26P = 1.26P

1.26P = 693

P = 693/1.26

P = 550