Question

Find the cost price of a bag that is sold for rupees 1150 at a profit of 15% by TYPE 2​

Answer 1

Answer:

977.5rs.

Step-by-step explanation:

Hope it will help you

Answer 2

GIVEN

We are given that a bag is sold for Rs.1150 and a profit of 15% is gained

Selling price ( SP) = Rs.1150

%profit = 15%

TO FIND

We need to find the Cost price (CP) of the bag

FORMULA

We can calculate the Cost price of the by using the %profit formula .

%profit = (SP - CP /CP ) × 100

SOLUTION

Now , we calculate the cost price of the bag

==> 15 = [1150 - CP / CP] × 100

==> 15/100= [1150 - CP / CP]

==> 3CP = 23,000 - 20CP

==> 23CP = 23,000

==> CP = Rs.1000

The cost price of the bag is Rs.1000