Question

Question 38

By selling an article for Rs 112000, a girl gains 40%. The cost price of the article was ___

Answer 1

Selling price of an article = Rs 112000
Gain% = 40%
Let Rs x be the cost price of the article.
$\because$ Cost price = Selling price - Profit% on cost price
$\therefore$ Selling price = Cost price + Profit% on cost price
So, $112000=x+x\times \frac{40}{100}$
$\Rightarrow 112000=\frac{7x}{5}\Rightarrow x=\frac{112000\times 5}{7}=16000\times 5=Rs.80000$