Question

SP = 7350
Gain = 1/6 of CP
Find CP

Answer 1

Answer:

SP=73500

Gain=1/6 of CP

let the CP be x

Therefore , gain =x/6

SP is(x+x/6)

$x + x \div 6 = 7350 \\ (7 \div 6)x = 7350 \\ x = 7350 \times 6 \div 7 \\ = 44100 \div 7 \\ = 6300$

Therefore CP is Rs 6300

Hope it helps you

Answer 2

In context to question asked,

We have to determine the value of CP

As per question,

We have,

SP = 7350

Profit $=\frac{1}{6}\:of\:CP$

So, for calculating the value of Profit, we will put the value of CP given in the question in above expression,

Thus, we will get the value of the profit will be,

$Profit = \frac{1}{6}\times 7350\\=>Profit = Rs.\:1225$

As we know that,

SP = CP + Profit

So, value of CP will be,

$SP - Profit\\=>7350-1225\\=>CP = Rs.\:6125$

Hence, value of CP of the item will be Rs. 6125