Question

selling price of a toy car is 540 rupees if the profit made by the shopkeeper is 20% what is the cost price of the toy?



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Answer 1

Answer: C.P of the toy = ₹ 450

Step-by-step explanation:

S.P = ₹ 540 ; Profit% = 20 ; C.P = ?

The formula = C.P = 100 * SP / (100 + PROFIT %)

- C.P = 100 * 540 / 100 + 20

- C.P = 54000 / 120 ( SIMPLIFY IT:: Divide by 100 to get 5400/12—Divide by 6 & you will get 900/2—Further divide by 2 and get 450 )

- C.P = ₹ 450

Verification:

- Profit is 20% of C.P so - 20/100 * 450 = 90

- (S.P - C.P) = Profit ; So 540 - 450 = should be 90 and it is...

SO ANSWER IS CORRECT :)

Hope answer is helpful =)