Question

Selling price of a toy car is Rs 5400 if the profit made by shopkeeper is
20% .What is the cost price of this toy?

Answer 1

$\Huge\bf { \color{Red}{ \underline{\color{nav}AnsWer ♡}}}$

Given that

Selling Price = ₹540

Profit = 20 %

Cost Price = Selling Price × 100/100 + Profit %

= 540 × 100/100 + 20

= 54000/120

= ₹450.

Answer 2

➤ Given :-

Selling price of the toy car :- ₹ 5400

Profit percentage :- 20%

➤ To Find :-

Cost price of the toy car

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{100 \times SP}{(100 + Profit \bf\%)} }}}}$

➤ Solution :-

Cost price :-

${\tt \longrightarrow \dfrac{5400 \times 100}{(100 + 20)}}$

${\tt \longrightarrow \dfrac{\cancel{5400} \times 100}{\cancel{120}} = \dfrac{45 \times 100}{1}}$

${\tt \longrightarrow 45 \times 100 = \boxed{\tt Rs \: \: 4500}}$

$\Huge\therefore$ The cost price of the toy car is ₹ 4500.

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$\dashrightarrow$ Some related formulas :-

Profit :- ${\boxed{\tt SP-CP}}$

Loss :- ${\boxed{\tt CP-SP}}$

Profit percentage :- ${\boxed{\tt\dfrac{Profit}{CP} \times 100}}$

Loss percentage :- ${\boxed{\tt\dfrac{Loss}{CP} \times 100}}$

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More to know :-

• Profit and discount are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The discount is obtained when the cost price is greater than selling price. The profit and discount can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the discount to percentage form, first we should divide the loss and cost price and then multiply by 100.