Question

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

Answer 1

SP=540
P%=20%
CP=100×SP/100+P%
=100×540/100+20
=100×540/120
=RS 450

Answer 2

Solutions :-

We have,

Selling price (S.P.) = Rs 540

Profit % = 20%

Now,

Find the cost price (C.P.) :-

C.P. = (S.P× 100)/(100 + Profit)

= (540 × 100)/(100+20)

= 54000/120

= 450

Hence,

The cost price of  toy is Rs 450