If a person sells a ‘Saree’ for Rs. 5200,making a profit of 30%,then the cost price of the saree isRs. 4420Rs. 4000Rs. 3900Rs. 3800
Question
Solution 1
The cost price of the saree can be calculated using the formula:
Cost Price = Selling Price / (1 + Profit%)
Here, the selling price is Rs. 5200 and the profit is 30%.
So, Cost Price = 5200 / (1 + 30/100) = 5200 / 1.3 = Rs. 4000
So, the cost price Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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