If 1 kg wheat is sold for rs 15 the profit is 20% , what is the codt price of 5 kg wheat
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we know that selling price = [(100+profit%)/100] × cost price
given selling price for 1kg wheat = rs 15
profit% = 20%
then 15 = 1.2 × cp
cp = 15/1.2
cp = rs 12.5
cost price of 1kg wheat = rs 12.5
cost price of 5kg wheat =5×12.5 = rs 62.5
given selling price for 1kg wheat = rs 15
profit% = 20%
then 15 = 1.2 × cp
cp = 15/1.2
cp = rs 12.5
cost price of 1kg wheat = rs 12.5
cost price of 5kg wheat =5×12.5 = rs 62.5
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