cost of an item is Rs 50.it was sold with a profit of 12% . what was its cost price?
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Hey mate here is your answer
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Question is wrong , please check.
Cost price ( c.p ) = Rs50
profit ( g ) = 12%
selling price ( s.p ) = CP( 100 + g )/100
= 50 × [( 100 + 12 )/100]
= 112/2
= Rs 56
Therefore ,
selling price ( s.p ) = Rs 56
Or ,
If s.p = Rs 50 ,
profit ( g ) = Rs 12%
c.p = ( 100 × s.p )/( 100 + g )
= ( 100 × 50 )/( 100 + 12 )
= 5000/112
= Rs 44.64
••••
Cost price ( c.p ) = Rs50
profit ( g ) = 12%
selling price ( s.p ) = CP( 100 + g )/100
= 50 × [( 100 + 12 )/100]
= 112/2
= Rs 56
Therefore ,
selling price ( s.p ) = Rs 56
Or ,
If s.p = Rs 50 ,
profit ( g ) = Rs 12%
c.p = ( 100 × s.p )/( 100 + g )
= ( 100 × 50 )/( 100 + 12 )
= 5000/112
= Rs 44.64
••••
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