Question

An electric iron was sold with 15% profit on selling price. If the profit

was Rs. 330, find the cost price and profit percent on cost price.​

Answer 1

Cost price = Rs. 1,870

As a percentage = 17.65%

Step-by-step explanation:

The electric iron box was sold with a 15% profit on the selling price. The profit was Rs. 330. It means 15% of the selling price is Rs. 330.

I.e., 15% x SP = Rs.330

SP = Rs. 330/15 x 100

SP = 22 x 100

Sp = Rs. 2200

The selling price is Rs. 2200

if the profit is Rs.330, the cost price will be

=Rs.2200 - Rs 330

=Rs. 1,870

profit percentage of cost price

=330/1870 x 100

=0.176 x 100

=17.65%