Question

If the selling price of an article is Rs.460and profit on it is 15 percent, then find the cost price

Answer 1

Answer:

If the selling price of an article is Rs.460 and profit on it is 15 percent, then the cost price is 400

Step-by-step explanation:

Formula to calculate the Cost price is as below

\frac{selling\;Price\times100}{(100+\;Profit\;Percentage)}

so here the selling price is 460 and profit Percent is 15

hence \frac{460\times100}{(100+15)} = Rs. 400