Question

The selling price of a toy is Rs 550. If the profit made by the shopkeeper is 25%, what is the cost price of a toy?

Answer 1

Given that

SP= Rs 550

Profit percent = 25%

Cost Price = SP x 100/100 + profit

CP = 550 x 100/100 + 25

CP = 55000/125

CP= 440

So, the cost price will be Rs 440

Answer 2

Answer:

selling price = 550

profit = 25%

cost price = selling price ×100/ 100+ percentage profit

CP= 550×100/100+ 25%

CP= 55000/125

CP = 440