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Question

A woman sold 15 bedsheets for 15000. Hence gaining 5 bedsheet's cost prices. The cost per sheet is___________.


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Solution

Given:

A woman sold 15 bed sheets for 15000

Profit gained = cost price of 5 bed sheet’s

To find:

Cost of one bed sheet = ?

Solution:

The selling price of 15 bed sheet is 15000

That indicates that the selling price of a single bed sheet is

The selling price of 15 bed sheet is 15000TotalsellingpriceTotalnumberofunits=1500015=1000

The cost price of a single bed sheet is X

The cost price of 15 bed sheet is = 15X

The gain price is 5X, therefore, according to the formula

Gain = SP – CP

5X=SP15X

20X=SPwith SP being 15000

The cost price of a single bed sheet is = 1500020=750

Hence, the cost price of a single bed sheet is 750


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