Question

Find the C.P if S.P= Rs 550, profit= 10%​

Answer 1

It's Rs. 500

Explanation:

SP=CP +profit%of CP

or 550 = CP +10/100 CP

or 550= (100 CP +10 CP)/100

or 55000= 110CP

or CP = 55000/110

Hence, CP= 500