Question

Mr.Shekar sold his bike for rs.10500 at a profit of 5%. Find the

c.P. Of the bike.

Answer 1

Cost Value (CP): This is the price at which an article is purchased.

Selling Price (SP): This is the price at which a article is sold.

Selling price = 10500

Profit = 5 * 100

Bike CP =?

(SP-CP) / CP × 100 = 5

(SP-CP) / CP = 0.05

SP-CP = 0.05 CP

SP = 1.05 cp --- (1)

CP = SP / 1.05

CP = 10500 / 1.05

CP = 10000