Question

If 11% is lost on books sold at 10. 68 rs what was the cost price of the books, at what price should they be sold at to yield a profit of 10%​

Answer 1

CP = Rs 500

Explanation:

Given that,

Selling price of a book, SP = Rs 550

Profit percent = 10%

We need to find the cost price of the book. The formula for profit percent is given by :