Question

on selling an exhaust fan for Rs 3675,a man gains 1/16 of its cost price.find it's cost price. step by step solve​

Answer 1

Solution

let the cost price is=X Rs

selling price=3675 Rs

profit=(3675-X)Rs

now according to the question....2

profit=(X/16)Rs

now.....

3675-X=X/16

=>3675×16-16X=X

=>17X=3675×16

=>X=(3675×16)/17

=>X=3458.8 Rs (almost)