If an item is sold for 1800at a profit 20% then the coast price is ?�

1.	If an item is sold for 1800at a profit 20% then the coast price is ?
Answer» GIVEN We are given that an item is sold for Rs.1800 at a profit of 20% TO FIND We need to find the cost PRICE of the item. METHOD We need to find the cost price of item , for that we can use the formula of %profit. FORMULA Cost price can be CALCULATED from the %profit formula %profit = SELLING Price - Cost price / Cost price × 100 %profit = SP - CP / CP × 100 SOLUTION %Profit = 20% S.P = Rs.1800 ==> 20 = [1800 - CP / CP] × 100 ==> 1/5 = [1800 - CP / CP] ==> CP = 9000 - 5CP ==> 6CP = 9000 ==> CP = Rs.1500 Therefore the Cost Price of the item = Rs. 1500

If an item is sold for 1800at a profit 20% then the coast price is ?

Answer»

GIVEN

We are given that an item is sold for Rs.1800 at a profit of 20%

TO FIND

We need to find the cost PRICE of the item.

METHOD

We need to find the cost price of item , for that we can use the formula of %profit.

FORMULA

Cost price can be CALCULATED from the %profit formula

%profit = SELLING Price - Cost price / Cost price × 100

%profit = SP - CP / CP × 100

SOLUTION

%Profit = 20%

S.P = Rs.1800

==> 20 = [1800 - CP / CP] × 100

==> 1/5 = [1800 - CP / CP]

==> CP = 9000 - 5CP

==> 6CP = 9000

==> CP = Rs.1500

Therefore the Cost Price of the item = Rs. 1500

Discussion

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If an item is sold for 1800at a profit 20% then the coast price is ?​