Question

Sales price rupees 359996. If the profit is 40% on cost, find profit.​

Answer 1

let x be the cost price then

x+40%of x =359996

$x + \frac{40x}{100 } = 359996 \\ \frac{140x}{100} = 3599996 \\ x = 35996 \times 100 \div 140 \\ x = 257140$

profit=sale price-cost price

=359996-2571400

=102856

Answer 2

profit always considered on cp

so let be suppose cp=x

and profit =40%=2/5

x+2x/5=359996

x=257140

profit =sp-cp

359996-257140

=102856

I hope it will help you