By selling a book for Rs. 360,20% profit was | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(A) Given: Selling Price $(SP)$ = $Rs. 360$ and Profit percentage = $20\%$.The formula for profit percentage is: $	ext{Profit}\% = \left[\frac{SP - C

Vedclass · Accepted Answer

$300$

Vedclass · Answer

(A) Given: Selling Price $(SP)$ = $Rs. 360$ and Profit percentage = $20\%$.The formula for profit percentage is: $	ext{Profit}\% = \left[\frac{SP - CP}{CP}ight] 	imes 100$.Substituting the values: $20 = \left[\frac{360 - CP}{CP}ight] 	imes 100$.Dividing both sides by $100$: $0.2 = \frac{360 - CP}{CP}$.Multiplying by $CP$: $0.2 	imes CP = 360 - CP$.Adding $CP$ to both sides: $1.2 	imes CP = 360$.Solving for $CP$: $CP = \frac{360}{1.2} = 300$.Therefore,the Cost Price $(CP)$ of the book is $Rs. 300$.

By selling a book for $Rs. 360$,$20\%$ profit was earned. What is the $CP$ of the book in $Rs.$?

Similar Questions

By selling an article for $Rs. 144$,a person gained such that the percentage gain equals the cost price of the article. The cost price of the article is (in $Rs.$):

$A$ trader allows a trade discount of $20 \%$ and a cash discount of $6 \frac{1}{4} \%$ on the marked price of the goods and gets a net gain of $20 \%$ of the cost. By how much above the cost should the goods be marked for the sale? (in $\%$)

Mohan buys a watch for $Rs. 350$ and sells it for $Rs. 392$. Find out his percentage of profit.

$A$ dishonest dealer professes to sell his goods at cost price but uses a weight of $960 \, g$ instead of a $1 \, kg$ weight. Find his gain $\%$. (in $\%$)

If the cost price is $96 \%$ of the selling price,then what is the profit percent?

Vedclass Test Series

Exam Paper Generator

Online Exam Module