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
Answers
Answer:
Rs .3
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 =Rs120/40=Rs 3
Hence, cost price of each toy = Rs 3
Answer:
Step-by-step explanation:
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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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