An item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6200612560006250
Question
Solution 1
To find the cost price, we need to understand that the selling price is 115% of the cost price because a 15% profit was made.
Step 1: Express the selling price as 115% or 115/100. So, 1% of the cost price = Selling price / 115 = Rs.7130 / 115 = Rs.62
Step 2: To find the cost price (which is 100% Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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