Question

A bed sheet was sold for $483 thereby gaining 15%. Find the C.P. of the bed sheet.​

Answer 1

Explanation:

S.P. = $483

Gain = 15%

C.P. = ?

Profit =

$483 × 15/100

$72.45

Then,

C.P. = S.P. - Profit

= $483 - $72.45

= $410.55

Hence,

Cost price of the bed sheet is $410.55