Question

if a keeper make a profit of 10% by selling a book from rupees 880 what is the CP and the actual profit

Answer 1

CP = 880 10%
= 1% = 880/100 = 8.80
= 10% = 8.80 × 10 = 88
CP = 880 - 88 = 792

actual profit = 880 10%
= 88

the CP is 792 and actual profit is 88 Rs


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Answer 2

Here SP = ₹880

Profit = 10%

We know that

CP = (100 × SP)/(100 + Profit%)

CP = (100 × 880)/(100 + 10)

CP = 8800/110

∴CP = ₹800

Profit = SP - CP

∴ Actual Profit = 880 - 800 = ₹80