Question

Mrs. Bajracharya sold a 'Palpali Dhaka Topi' for Rs 870 and made a profit of 16%. Find her buying price of the 'Dhaka Topi'. And how much is her actual profit?​

Answer 1

Buying price = x = Rs 750

Profit = Rs 120

Explanation:

Buying price = x

Selling price = Rs 870

Profit = 16% of x

Profit = selling price - cost price

16% of x = 870 - x

0.16 * x = 870 - x

0.16x = 870 - x

0.16x + x = 870

1.16x = 870

x = 870 / 1.16

x = 750

Buying price = x = Rs 750

Profit = 16% of x

= 0.16 * Rs 750

= Rs 120

Profit = Rs 120