Question

Selling price of a toy car is rs 540. If the profit made by the shopkeeper is 20%, what is the cost of price of the toy

Answer 1

Answer:

Step-by-step explanation:

S.p of toy car=₹540

profit=20% of ₹×

=20/100*×

=1/5×

S.p of toy car=c.p.+profit

=×+×/5

=6×/5

Atq,

6×/5=540

Or,×=540×5/6

Or,×=450

Hence the cost price of toy car =₹450

Answer 2

Given

The selling price of a toy car= 540

The profit percentage made by the shopkeeper =20%

To find

Cost of the toy

Solution

The solution to the above problem can be found using a basic mathematical formula

The solution to the above problem is as follows

So we know that the selling price = 100+20= 120

Therefore the cost price =$\frac{cost price}{total price}*selling price$

So we get it as $\frac{100}{120}*540$ = 450Rs

The final cost of the toy =540rs