Kavita sold her car for INR 77,000 and made a profit of 10% , at what price did she buy the car?

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Solution

Consider the question,
Selling price (S.P.) $= 77, 000$
Profit $% = 10 %$
Cost price(C.P.) $= ?$

We know that,
Profit $% = \frac{Selling price-Cost price}{Cost price} \times 100$

$10 = \frac{77000 - C . P .}{C . P .} \times 100$
$110 \times C . P = 77, 00, 000$
$C . P = 70, 000$

Hence, the cost price of the car is Rs. $70, 000$

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Kavita sold her car for INR 77,000 and made a profit of 10% , at what price did she buy the car?

Consider the question,Selling price (S.P.)=77,000Profit%=10%Cost price(C.P.)=?We know that,Profit%=Selling price-Cost priceCost price×10010=77000−C.P.C.P.×100110×C.P=77,00,000C.P=70,000Hence, the cost price of the car is Rs. 70,000