mohan made a profit of 30% by selling an artifact for 21710. Find the cost price of the article.
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Answered by
1
Answer:
The cost price of the article is 16700
Step-by-step explanation:
Cp= 100/100+p% × Sp
Cp= 100/100+30 × 21710
Cp= 100×21710/130
Cp= 16700
Answered by
1
Answer:
since 21710 contain 30% profit, it means that it is 130% of the original price.
since 130% is 21710
Thus 1% is 21710/130 = 167
Thus, 100% i.e. the original price is 16700
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