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

Question

t answerAn item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?
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Solution 1

Sure, let's solve this step by step.

Step 1: We know that the selling price (SP) is Rs. 7130 and the profit percentage is 15%.

Step 2: The formula to calculate the cost price (CP) when the selling price (SP) and profit percentage are given is: CP = SP * (100 / (100 + profit%))

Step 3: Substitutin 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

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