Question

identify and explain the concept from the given illustrations Due to urgency of cash, Martina sold her car at less price​

Answer 1

Answer:

Consider the question,

Selling price (S.P.)=77,000

Profit%=10%

Cost price(C.P.)=?

We know that,

Profit%=

Cost price

Selling price-Cost price

×100

10=

C.P.

77000−C.P.

×100

110×C.P=77,00,000

C.P=70,000

Hence, the cost price of the car is Rs. 70,000

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