Question

Laxmi sold her calculator at a gain of 5% if she sold it for 70 more she could have got profit of 10% what is the cost price of calculator

Answer 1

The cost price of the calculator is 700.

The problem can be solved using the following equations:

Let's assume the cost price (CP) of the calculator is x.

Profit percentage = (selling price - cost price) / cost price x 100

Given that the profit percentage is 5% and she could have got 10% if she sold it for 70 more.

So,

(x + 5/100x + 70) - x = 10/100x

Solving for x we get:

x = 700

So, the cost price of the calculator is 700.

• Cost price, also known as the "cost of goods sold" or "cost of sales", is the amount of money that a company or individual incurs to produce or acquire a product or service. It includes all of the expenses associated with producing or acquiring the product or service, such as raw materials, labor, and manufacturing costs.

• The cost price is the price at which a product is purchased from the manufacturer or supplier. It is used as a basis for determining the selling price, and for calculating profit or loss. The selling price is calculated by adding a markup, or profit margin, to the cost price. This markup or profit margin is the difference between the cost price and the selling price.

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