Question

Q1.on selling an artide for
RS 900, a Shopkeeper earn
a profit of 40% find the
cost of the article?​

Answer 1

Explanation:

✬ C.P = Rs 642.85 ✬

Step-by-step explanation:

Given:

Selling price of article is Rs 900.

Profit percentage earned is 40%.

To Find:

What is the cost price of article ?

Solution: Let the cost price be Rs x.

To find C.P when S.P & Profit % are given , we use the following formula.

★ C.P = 100/(100 + Profit %) × S.P ★

⟹ 100/(100 + 40) × 900

⟹ 100/140 × 900

⟹ 90000/140

⟹ 9000/14

⟹ 642.85

Hence, the cost price of article was Rs 642.85.

____________________

➮ To find C.P when S.P & loss % are given we use following formula

• C.P = 100/(100 – Loss %) × S.P