Ramesh earns a profit of Rs200 by selling 16 toys at the rate of Rs x per toy. if the cost price of each toy is Rs50,frame a formula for the profit.
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COST PRICE OF EACH TOY = ₹50
THEREFORE,COST PRICE OF 16 TOYS ARE =50×16
=₹800
PROFIT = SELLING PRICE - COST PRICE
200 = S.P- 800
200+800 = S.P
₹1000=S.P OF 16 TOYS
S.P OF ONE TOY = 1000÷16
= ₹62.5
hope it helps you
thank you
THEREFORE,COST PRICE OF 16 TOYS ARE =50×16
=₹800
PROFIT = SELLING PRICE - COST PRICE
200 = S.P- 800
200+800 = S.P
₹1000=S.P OF 16 TOYS
S.P OF ONE TOY = 1000÷16
= ₹62.5
hope it helps you
thank you
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