Select the correct answerA person sells a book for Rs.11. He gains as many percent as its cost price in rupees. What is the cost price?Options10304020

Question

Select the correct answerA person sells a book for Rs.11. He gains as many percent as its cost price in rupees. What is the cost price?Options10304020
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Solution 1

The problem states that the person's profit percentage is equal to the cost price of the book.

Let's denote the cost price as 'x'.

So, according to the problem, the selling price of the book is the cost price plus the profit, which is also 'x'.

Therefore, the selling price is x + x = 2x.

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