Question

When the profit% on selling a toy for Rs. 400 is 100/9 % .the cost price of the toy is

Answer 1

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Answer 2

Given :

When the profit% on selling a toy for Rs. 400 is 100/9 % .

To find :

the cost price of the toy is

Solution:

Let the cost price be x

Profit% =$\frac{100}{9}\%$

Profit = $\frac{1}{9}x$

SP = CP + Profit

SP = $x+\frac{1}{9}x=\frac{10}{9}x$

We are given that SP is 400

So,$400=\frac{10}{9}x$

3600=10x

360=x

Hence The cost price is 360