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
Question
Solution 1
To find the cost price of the item, we need to understand that the selling price is made up of the cost price and the profit.
Given: Selling Price (SP) = Rs. 7130 Profit Percentage = 15%
We know that: SP = Cost Price (CP) + Profit
And Profit is calculated as a percentage of the cost price, i.e., 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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