Question

Q 23) By selling a fan for Rs.649, Anil earns a profit of 18%. Find its cost
price.
​

Answer 1

★ Given :-

• Selling price ( SP ) of fan = ₹ 649
• Profile Percentage = 18%

★ To Find :-

• Cost price (CP) ?

★ Solution :-

◆ We know that,

↦ Cost price = 100 / 100 + profit % × SP

↦ Now, Substitute the values :-

↦ 100 / 100+ 18 × 649

↦ 100 / 118 × 649

↦ 550

■ Hence, The cost price (CP) of fan is ₹ 550.

Answer 2

Given :-

• Selling price, SP = ₹ 649
• Profit percentage = 18%

To Find :-

• Cost price, CP

Formula used :-

$\boxed{\sf CP = \dfrac{100}{(100 + percentage \: profit)} \times SP}$

Solution :-

Substituting the values -

➩ $\sf CP = \dfrac{100}{(100 + percentage \: profit)} \times SP$

➩ $\sf CP = \dfrac{100}{100 + 18} \times 649$

➩ $\sf CP = \dfrac{64900}{118}$

➩ $\sf CP = 550$

Cost price = ₹ 550