Question

the selling price of toy is Rs.2366. if the profit made by shopkeeper is 40%.find the cost price of toy

Answer 1

Answer:

Step-by-step explanation:

Given that

Selling Price = ₹2366

Profit = 40%

Cost Price = Selling Price × 100/100 + Profit %

= 2366 × 100/100 + 40

= 236600/140

= ₹1690

Answer 2

Answer:

Price of toy is 1419.6Rs.

Step-by-step explanation:

Given that

Selling price of toy is 2366 Rs.

Profit is 40%

To find

Price of toy

Solution

As given shopkeeper made 40% profit hence

$40\%of \: 2366 = \frac{40}{100} \times 2366$

by multiplication we get

$profit = 946.4rs$

now price of toy will be

$price \: of \: toy = selling \: price - profit$

$price \: of \: toy = 2366 - 946.4$

by subtraction we get

$price \: of \: toy = 1419.6rs$

This is the answer.