1.

An article is sold at a profit of 30,Which respresents 15% of the selling price.Find the cost price​

Answer»

Answer:

  • The cost PRICE of an article is Rs 170.

Step-by-step EXPLANATION:

Given that:

  • An article is sold at a PROFIT of 30, which represents 15% of the selling price.

To FIND:

  • The cost price of an article.

Let us assume:

  • The cost price of an article be x.

FINDING the selling price of an article:

  • Selling price = Cost price + Profit
  • Selling price = x + 30

Finding the cost price of an article:

According to the question.

⟿ 15% of (x + 30) = 30

⟿ 0.15 (x + 30) = 30

⟿ x + 30 = 30/0.15

⟿ x + 30 = 200

⟿ x = 200 - 30

⟿ x = 170

Hence,

  • The cost price of an article = Rs 170


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