Question

find the cost price of an article which is sold at a profit of 8% for rs2160​

Answer 1

Cost Price of an article is ₹2000

Step-by-step explanation:

GIVEN

Selling Price = ₹216O

Profit = 8%

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To Find

Cost Price of an article

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We know that,

Cost Price = ( Selling Price × 100 ) / ( 100 + Profit )

Cost Price = ( 2160 × 100 ) / ( 100 + 8 )

Cost Price = 216000 / 108

Cost Price = 2000

Cost Price = ₹2000

Cost Price of an article is ₹2000

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Important

If the profit percent is given

Then,

Cost Price = ( Selling Price × 100 ) / ( 100 + Profit )

If the loss percent is given

Then,

Cost Price = ( Selling Price × 100 ) / ( 100 - loss )