Question

If the selling price of a toy is Rs 750 and the shopkeeper makes a profit of 20% then what is the cost price?
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Answer 1

• Cost price of toy is Rs.625 .

Step-by-step explanation:

To find:-

• Cost price of toy.

Solution:-

Given that,

Selling price of toy is Rs.750 .

Shopkeeper is making profit of 20%. So, Profit percent is 20%.

Profit = Selling price - Cost price

• Selling price is price by which something is selled to someone.
• Cost price is the normal price or original price of something.
• Profit is gain of money, which we get after Selling something.

➝ 750 -C.P [Here, C.P is Cost price]

Profit is 750 - C.P.

$\boxed{\bold{Profit \: percent = \cfrac{Profit}{C.P} \times 100}}$

➝ 20 = 750 - C.P/C.P × 100

➝ 20 × C.P = (750 - C.P)×100

➝ 20/100 × C.P = 750 - C.P

➝ C.P/5 = 750 - C.P

➝ C.P = 5×(750 - C.P)

➝ C.P = 3750 - 5 C.P

➝ 5 C.P + C.P = 3750

➝ 6 C.P = 3750

➝ C.P = 3750/6

➝ C.P = 625

Therefore,

Cost price of toy is Rs.625 .

Answer 2

☆Answer☆

Given,

Selling Price of a toy = Rs. 750

Profit % = 20%

Formula for Cost Price

C.P = (S.P×100)/(100+Profit%)

Cost price of toy

= 750×100/(100+20)

= 75000/120

= Rs. 625

Hence, the cost price of toy is Rs. 625.

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