if a salesman sell an article at 850rupees ,then he get profit 5%,what is the purchase price of article
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Answered by
21
Selling Price = Rs 850
Profit = 5%
Find the percentage of the selling price:
Selling Price = Cost Price + Profit
Selling Price = 100 + 5 = 105%
Find the cost price:
Selling Price = 105%
Selling Price = Rs 850
105% = 850
100% = (850 ÷ 105) x 100 = Rs 809.52
Answer: The cost price is Rs 809.52
samar12342:
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Answered by
14
Given
selling price is Rs 850
profit % = 5%
Finding the Cost price --
cost price = 100/ 100 + profit × sp
cost price = 100 / 100 + 5 x 850
= 100/105 x 850
= 809.52
selling price is Rs 850
profit % = 5%
Finding the Cost price --
cost price = 100/ 100 + profit × sp
cost price = 100 / 100 + 5 x 850
= 100/105 x 850
= 809.52
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