Last updated at Dec. 16, 2024 by Teachoo
Example 13 Selling price of a toy car is Rs 540. If the profit made by shopkeeper is 20%, what is the cost price of this toy? S.P = Rs 540 C.P = ? Profit percentage = 20% Now, Profit = S.P โ C.P Profit = 540 โ C.P Also, Profit percentage = 20% ๐๐๐๐๐๐ก/(๐ถ.๐) ร 100 = 20 (๐๐๐ โ ๐ช.๐ท)/(๐ช.๐ท) ร 100 = 20 (540 โ ๐ถ.๐)/(๐ถ.๐) = 20/100 (540 โ ๐ถ.๐)/(๐ถ.๐) = 2/10 (๐๐๐ โ ๐ช.๐ท)/(๐ช.๐ท) = ๐/๐ Cross Multiplying 5 ร (540 โ CP) = 1 ร CP 2700 โ 5 CP = CP 2700 = 6CP 6CP = 2700 CP = ๐๐๐๐/๐ CP = 900/2 CP = Rs 450 So, Cost Price is Rs 450
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About the Author
Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo