Question

if a shopkeeper sells 40 toys at RS. 5 each he will make a profit if RS 80. find the cost of price of each toy​

Answer 1

Answer:

Step-by-step explanation:

Selling price of 1 toy = Rs 5

∴ Selling price of 40 toys = Rs 5 × 40 = Rs 200

The profit earned by the shopkeeper on selling 40 toys = Rs 80

We know that

Profit = Selling price – Cost price

⇒ Cost price = Selling price – Profit

                    = Rs 200 – Rs 80

                    = Rs 120

So, cost price of 40 toys = Rs 120

Cost price of 1 toy =Rs12040=Rs 3

Hence, cost price of each toy = Rs 3

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Answer 2

Answer:

Step-by-step explanation:

Selling price of 1 toy = Rs 5

∴ Selling price of 40 toys = Rs 5 × 40 = Rs 200

The profit earned by the shopkeeper on selling 40 toys = Rs 80

We know that

Profit = Selling price – Cost price

⇒ Cost price = Selling price – Profit

                    = Rs 200 – Rs 80

                    = Rs 120

So, cost price of 40 toys = Rs 120

Cost price of 1 toy =Rs12040=Rs 3

Hence, cost price of each toy = Rs 3

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