An item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6200612560006250

Question

An item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6200612560006250
🧐 Not the exact question you are looking for?Go ask a 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

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

An item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6200612560006250

An item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6000612562506200

t answerAn item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?

Select the correct answerAn item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6000625062006125

Select the correct answerAn item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6125600062506200

1/3