Question

If the selling price of an article is ₹200 and made profit of ₹30,then find and cost price of an article​

Answer 1

Answer:

Answer : Cost price = 170

Answer 2

Given:

An article with

• Selling Price (SP) = Rs. 200
• Profit = Rs. 30

What To Find:

We have to find the Cost Price (CP).

How To Find:

To find CP we will use,

• SP - CP = Profit

Solution:

Using the formula,

⇒ SP - CP = Profit

Substitute the value,

⇒ Rs. 200 - CP = Rs. 30

Take CP to RHS and Rs. 30 to LHS,

⇒ Rs. 200 - Rs. 30 = CP

Subtract the amount,

⇒ Rs. 170 = CP

∴ Thus, Cost price of the article is Rs. 170.