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A man expects a profit of 13% on his cost price.If he had a sale of Rs 7,91,000 during the
month, then find his profit?
Answers
Profit = Rs 91,000.
Step-by-step explanation:
We are given that a man expects a profit of 13% on his cost price.
Also, it is given that he had a sale of Rs 7,91,000 during the month.
Firstly, Let the Cost Price of article = C.P. = Rs
Selling Price of article = S.P. = Rs 7,91,000
Profit Percentage = 13%
Now, as we know that the Profit is always calculated on the cost price of the item.
Also, in case of Profit, the selling price formula is given by;
Selling Price = Cost Price + Amount of Profit
So, Rs 7,91,000 = + 13% of
7,91,000 =
7,91,000 =
= 7,91,000
= Rs 7,00,000
Hence, the Cost Price of item is Rs 7,00,000.
Now, Profit = 13% of Cost Price
=
= Rs 91,000