Question

pressure cooker is sold for Rs. 120. Sale tax accounts for one fifth and profit one-third of the remainder of the selling price. The cost price of the cooker is​

Answer 1

Answer:

84 rs

Step-by-step explanation:

sold price (S.P) = 120

B.P + tax + profit = 120

let profit = Rs.X

Given,

Tax = X/5

Profit = Remainder = B.P + Tax = 120-X

x = 1/3(120-X)

3X=120-X

X=30Rs

Tax=X/5=6

Buying Price = 120-Tax-Profit

= 120- 6- 30

= 84 Rs