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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 โˆ’ C.P Profit = 540 โˆ’ C.P Also, Profit percentage = 20% ๐‘ƒ๐‘Ÿ๐‘œ๐‘“๐‘–๐‘ก/(๐ถ.๐‘ƒ) ร— 100 = 20 (๐Ÿ“๐Ÿ’๐ŸŽ โˆ’ ๐‘ช.๐‘ท)/(๐‘ช.๐‘ท) ร— 100 = 20 (540 โˆ’ ๐ถ.๐‘ƒ)/(๐ถ.๐‘ƒ) = 20/100 (540 โˆ’ ๐ถ.๐‘ƒ)/(๐ถ.๐‘ƒ) = 2/10 (๐Ÿ“๐Ÿ’๐ŸŽ โˆ’ ๐‘ช.๐‘ท)/(๐‘ช.๐‘ท) = ๐Ÿ/๐Ÿ“ Cross Multiplying 5 ร— (540 โˆ’ CP) = 1 ร— CP 2700 โ€“ 5 CP = CP 2700 = 6CP 6CP = 2700 CP = ๐Ÿ๐Ÿ•๐ŸŽ๐ŸŽ/๐Ÿ” CP = 900/2 CP = Rs 450 So, Cost Price is Rs 450

  1. Chapter 7 Class 7 Comparing Quantities
  2. Serial order wise

About the Author

Davneet Singh

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