Question

Ravi sold hisradio set for Rs.700and hegot a profit of 40%.Actual cost of these tis
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Answer 1

Answer:

Rs500

Step-by-step explanation:

Let take,

Cost price= Rs 100

Profit = 40% of 100=Rs 40

SP= CP +profit

Rs100+Rs 40= Rs 140

If sp is Rs 80 then cp=Rs100

If sp is Rs 1 then cp = 100/140

$if \: sp \: is \: rs \: 700 \: then \: cp = \frac{100}{140} \times 700$

$= 500$

Cp=500