Question

selling price of a toy car is Rs. 540.if the profit made by shoopkeeper is 20% what is the cost price of this toy

Answer 1

Hi ,

Selling price ( s.p ) = Rs540

Cost price = c.p

Profit ( g ) = 20%

Cost price = ( s.p × 100 )/( 100 + g )

= ( 540 × 100 )/( 100 + 20 )

= ( 540 × 100 ) / 120

= 18 × 25

= 450

c.p = Rs 450

I hope this helps you.

:)

Answer 2

Selling price = Rs. 540
Profit made by shopkeeper = Rs. 20%
So, by using CP = [100 / (100 + Gain%)] × SP
CP = [100 / (100 + 20%)] × 540
= [100/120] × 540
= [5/6] × 540
= 5 × 90
= 450
Hence the cost price is Rs. 450.
I hope it's helpful.