Question

Ram bought a chair and sold it for Rs.870 making a profit of
Rs.180. find its cost price.​

Answer 1

Answer:

cost price = sale price - profit

sale price =870

profit= 180

therefore cost price = 870-180

Rs.790

Answer 2

Step-by-step explanation:

Selling Price (SP)= Rs. 870

Profit= Rs. 180

We know that,

Profit = SP - CP

180 = 870 - CP

CP = 870 - 180

CP= 690

Hence, it's Cost Price (CP) is Rs. 690.