Question

Find the cost price of a gadget which is sold at ₹ 550 for a 10% profit.

Answer 1

Answer:

selling price of object = 550 Rs. ⇒C.P = 500 Rs. now same object is sold at 650 Rs. hence, profit percentage is 30%.

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Answer 2

Answer:

the answer is rupees 500

Step-by-step explanation:

let cp be x.

SP=550

profit=10%of x

=10/100x

now,

550-10/100x=x

(55000-10x)/100=x

55000-10x=x*100

55000-10x=100x

55000=100x+10x

55000=110x

55000/110=x

500=x