Question

The selling price of a toy is ₹ 2366. If the profit made by the shopkeeper is 40%,

find the cost price of the toy.

whats the answer now​

Answer 1

Answer:

$profit \: \: \%= \frac{s.p.}{c.p. } \times 100 \\ \frac{40}{100} = \frac{2366}{c.p.} \times 100 \\ \frac{4}{10} \times c.p. = 236600 \\ c.p. = \frac{236600 \times 10}{4 } \\ c.p. =Rs \: 573200$

Answer 2

Answer:

Cost price is of 1690₹

Step-by-step explanation:

Given that

Selling price of a toy is ₹2366

Profit is 40%

To find cost price of the toy

Solution

As we know that

$selling \: price = cost \: price + profit$

profit is

$profit = \frac{40}{100} \times cost \: price$

hence

$2366 = cost \: price + \frac{40}{100} \times cost \: price$

now by taking cost price common

$2366 = cost \: price(1 + \frac{40}{100} )$

as 40 and 100 both are divisible buly 20 hence

$2366 = cost \: price(1 + \frac{2}{5} )$

by solving bracket we get

$2366 = cost \: price \times \frac{7}{5}$

$cost \: price = 2366 \times \frac{5}{7}$

by multiplication we get

$cost \: price = 1690rs$

Hence cost price of toy is 1690rs.