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By selling an umbrella at a profit of Rs. 60 a shopkeeper made a profit of 20%. What is the cost price of umbrella?
- a)Rs. 300
- b)Rs. 320
- c)Rs. 400
- d)Rs. 420
Correct answer is option 'A'. Can you explain this answer?
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By selling an umbrella at a profit of Rs. 60 a shopkeeper made a profi...
Let the cost price be ₹ x
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By selling an umbrella at a profit of Rs. 60 a shopkeeper made a profi...
Given:
- Profit made by selling an umbrella = Rs. 60
- Profit percentage = 20%
To find:
- Cost price of the umbrella
Solution:
Let's assume the cost price of the umbrella is 'x' rupees.
Calculating the Profit:
- Profit percentage is given as 20%.
- Profit percentage is calculated as (Profit / Cost Price) * 100.
- Therefore, we can write the equation as 20 = (60 / x) * 100.
Simplifying the Equation:
- Divide both sides of the equation by 100 to isolate the fraction.
- 20/100 = (60 / x).
- Simplifying, we get 1/5 = (60 / x).
- Cross-multiply, we get x = 5 * 60.
- Therefore, x = 300.
Conclusion:
The cost price of the umbrella is Rs. 300. Therefore, option A (Rs. 300) is the correct answer.
- Profit made by selling an umbrella = Rs. 60
- Profit percentage = 20%
To find:
- Cost price of the umbrella
Solution:
Let's assume the cost price of the umbrella is 'x' rupees.
Calculating the Profit:
- Profit percentage is given as 20%.
- Profit percentage is calculated as (Profit / Cost Price) * 100.
- Therefore, we can write the equation as 20 = (60 / x) * 100.
Simplifying the Equation:
- Divide both sides of the equation by 100 to isolate the fraction.
- 20/100 = (60 / x).
- Simplifying, we get 1/5 = (60 / x).
- Cross-multiply, we get x = 5 * 60.
- Therefore, x = 300.
Conclusion:
The cost price of the umbrella is Rs. 300. Therefore, option A (Rs. 300) is the correct answer.
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By selling an umbrella at a profit of Rs. 60 a shopkeeper made a profi...
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By selling an umbrella at a profit of Rs. 60 a shopkeeper made a profit of 20%. What is the cost price of umbrella?a)Rs. 300b)Rs. 320c)Rs. 400d)Rs. 420Correct answer is option 'A'. Can you explain this answer?
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