Question

On selling a painting for Rs: 12600, a shopkeeper makes a profit of 5%. What is the cost price of the painting?​

Answer 1

Step-by-step explanation:

தன் ஊஊடைடையைளபபபூபேபளேறீ வழலளை ஐஸலந

Answer 2

Answer:

The cost price of the painting is equal to Rs.12000.

Step-by-step explanation:

Cost Price (CP): The price at which the item is purchased by customer is called the cost price. It is denoted by CP.

Selling Price (SP): The price at which the item/good can be sold by shopkeeper is called the selling price. It is denoted by SP.

We have given, the selling price of the painting = Rs.12600

The profit percentage earned by the shopkeeper = 5%

We know, Profit = SP - CP

The condition for profit on the item, if the cost price of an item is less than the selling price.  The profit percentage is given by;

$Profit\;\% = \frac{Profit}{C.P.} {\times 100$

Profit % $=\frac{SP-CP}{CP}\times 100$

$5=\frac{12600-CP}{CP}\times 100$

$0.05\;C.P.= 12600-C.P.$

$0.05 CP+CP=12600$

$1.05\; CP=12600$

$Cost\; price \;=Rs.12000$

Therefore, the cost price of the painting is Rs.12000.

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