Question

Selling price of a toy car is rupees 540. If the profit made by shopkeeper isu20%.What is the CP of this toy?
$(1)500 \\ (2)600 \\ (3)700 \\ (4)450$
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Answer 1

Answer:

(4). 450

The Cost price (CP) of toy car is Rs 450

Explanation:

Given :

Selling price (SP) of toy car = Rs 540

The profit made by shopkeeper = 20 %

To find :

The Cost price (CP) of toy car

Solution :

Profit = SP - CP

Profit = 540 - CP

★ Formula of CP :

⇒ (SP × 100) / (100 + profit %)

So,

⇒ (540 × 100) / 100 + 20

⇒ 54,000 / 120

⇒ 450

Therefore,

(4). 450

The Cost price (CP) of toy car is Rs 450

★ Verification :

⇒ Profit = SP - CP

⇒ Profit = 540 - CP

⇒ Profit = 540 - 450

⇒ Profit = Rs 90 (20 %)

Answer 2

Answer:

Answer:

(4). 450

The Cost price (CP) of toy car is Rs 450

Explanation:

Given :

Selling price (SP) of toy car = Rs 540

The profit made by shopkeeper = 20 %

To find :

The Cost price (CP) of toy car

Solution :

Profit = SP - CP

Profit = 540 - CP

★ Formula of CP :

⇒ (SP × 100) / (100 + profit %)

So,

⇒ (540 × 100) / 100 + 20

⇒ 54,000 / 120

⇒ 450

Therefore,

(4). 450

The Cost price (CP) of toy car is Rs 450

★ Verification :

⇒ Profit = SP - CP

⇒ Profit = 540 - CP

⇒ Profit = 540 - 450

⇒ Profit = Rs 90 (20 %)

Explanation:

Hope this answer will help you.