if a pair of shoe cost ₹500 including a 10% tax . what is the original cost of item before taxes are added
Answers
Answered by
20
Hey mate,
Let
CP = Cost Price
SP = Selling price
Given,
SP = 500 Rs
% Increment = 10%
We have ATQ,
CP + CP*increment% = SP
CP + CP*10% = 500
CP + 0.1CP = 500
1.1CP = 500
CP = 500/1.1
= 454.54 Rs
So, The original cost = 454.54 Rs
Hope this helps you out!
In these questions, we must start with the assumption of cost price and selling price.
Well, there is no need to learn complicated formulas. With simple interpretation, you can tackle any type of such problems.
Let
CP = Cost Price
SP = Selling price
Given,
SP = 500 Rs
% Increment = 10%
We have ATQ,
CP + CP*increment% = SP
CP + CP*10% = 500
CP + 0.1CP = 500
1.1CP = 500
CP = 500/1.1
= 454.54 Rs
So, The original cost = 454.54 Rs
Hope this helps you out!
In these questions, we must start with the assumption of cost price and selling price.
Well, there is no need to learn complicated formulas. With simple interpretation, you can tackle any type of such problems.
simrankhatri293:
can u plzz explain this line .....CP+CP*10%=500
AFTER THAN CP+0.1 CP =500 .......FROM WHERE 0.1 COMES
Well Selling price = Cost Price with 10% tax on cost price
10% = 0.1
okk thnkss... i got it
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Answered by
3
Answer:
Step-by-step explanation:
Tax added is 10%
Total rs is 500
So 10%of 500
10/100×500
That is 50 rs
It means 50 rs is added as tax
So before tax added-
The original cost is 500-50= 450 Rs
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