Ram is a successful bitcoin investor. He recently sold one bitcoin for 18,000 $. H e m a d e a p r o f i t o f$ 400\%$. At what cost did he bought the bitcoin?

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Solution

Let Ram bought the bitcoin for $R s x$ .
Now,
Selling price $= c o s t p r i c e + g a i n$
$18, 000 = x + 400 %$ of $x$
$18, 000 = 5 x$
$\Rightarrow x = 3600$

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Ram is a successful bitcoin investor. He recently sold one bitcoin for 18,000.Hemadeaprofitof400\%$. At what cost did he bought the bitcoin?

Let Ram bought the bitcoin for Rs x.Now,Selling price = cost price+gain18,000=x+400% of x18,000=5x⇒x=3600

Ram is a successful bitcoin investor. He recently sold one bitcoin for 18,000 $. H e m a d e a p r o f i t o f$ 400\%$. At what cost did he bought the bitcoin?

Let Ram bought the bitcoin for $R s x$ .
Now,
Selling price $= c o s t p r i c e + g a i n$
$18, 000 = x + 400 %$ of $x$
$18, 000 = 5 x$
$\Rightarrow x = 3600$