Question

If aslam sold a book in Rs.118 and he got 50% profit,then the cost price of the book was?

Answer 1

Answer: CP = Rs 78.667

Explanation:

The data given to us are

Selling price = Rs. 118

Profit percentage = 50

Now using the form formula

CP = ( SP * 100 ) / ( 100 + percentage profit).

Where;

Cp is cost price and Sp is selling price

So we input our numbers

CP = ( 118 × 100 ) / ( 100 + 50)

CP = 11800 / 150

CP = Rs 78.667