Question

Find the cost price of an article if it was sold for ₹40,gaining one-eighth of the cost price.

Answer 1

Answer:

The cost price is ₹35.55

Step-by-step explanation:

A.T.Q:

Selling Price (SP) = 40

Cost Price (CP) = x

Relation between SP & CP given in question:

$SP = CP + \frac{1}{8}CP\\SP = x + \frac{1}{8}x\\40 = \frac{8x + x}{8} \\320 = 9x\\x = \frac{320}{9} \\x = 35.55$