Question

When the Profit % on selling a toy for I 400 is
11⅑ %
the cost price of the toy is​

Answer 1

Answers:

If selling price is 400 then cost price is 360.36

If selling price is 1400 then Cost price is 1261.26

___________

Step by step

Let the cost price be x

profit = 11 1/9 = 11.11 of cost price

Profit of cost price : 11.11/100x = 0.11x

Cost price + profit = selling price

x + 0.11x = 400

1.11x = 400

x = 400/ 1.11

x = 360.360

Well cost price is 360. 360

________

If the selling price is 1400

then

cost price + profit = selling price

x + 0.11x = 1400

1.11 x = 1400

x = 1400/ 1.11

x = 1261.26

if selling price is 1400 then

Cost price is 1261.26

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