Question

Find cost price. If,
Selling price = 800 rs
Profit =120

Please give step by step explanation. ​

Answer 1

Answer ⟹ Rs. 680

✤ How to solve?

For solving this question, Let's first know about cost price, selling price.

Cost price -

• It is the price at which a thing is bought.
• If cost price is greater than selling price then loss occurs.

Selling price -

• It is the price at which a thing is sold.
• If selling price is greater than cost price than profit occurs.

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Given :-

• Selling price = Rs. 800
• Profit = Rs. 120

To find :-

• Cost price

Solution :-

Cost price = Selling price - Profit

⟹ Rs. 800 - Rs. 120

⟹ Rs. 680

Cost price = Rs. 680