Question

If selling price is Rs 660 and profit % is 10% find its cp *​

Answer 1

This is your answer

Answer 2

The cost price is Rs. 6600.

• When an object is bought at a certain amount buy a buyer, the amount at which the object is bought is known as the cost price of the object. The amount of money at which the object is sold is called selling price of the object.
• If the selling price of the object is greater than the cost price of the object, profit is achieved and the profit is found out by subtracting the cost price of the object from the selling price of the object. Now, finding the equivalent profit when the cost price is Rs. 100 is called the profit percentage.

Here, according to the given information, we are given that,

Selling price is Rs. 660.

Now, when the cost price is Rs. 100, the profit is Rs. 110.

When the cost price is Re. 1, the profit is, Rs. $\frac{110}{100}$.

When the cost price is Rs. x, the profit is given as, Rs. $\frac{110x}{100}$.

Then, selling price = $\frac{110x}{100} -x = \frac{10x}{100} = \frac{x}{10} .$

Then, $\frac{x}{10} =660.$

Or, x = 6600.

Hence, the cost price is Rs. 6600.

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