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Selling price of a toy car is RS.540. If the profit made by shopkeeper is 20% what is the cost price of this toy?
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Selling price of a toy car is RS.540. If the profit made by shopkeeper...




Calculating Cost Price of Toy Car



Given:

Selling price = RS.540

Profit = 20%



Calculating Profit:

Profit = Selling Price - Cost Price

20% of Cost Price = RS.540 - Cost Price

0.2 * Cost Price = RS.540 - Cost Price

0.2 * Cost Price + Cost Price = RS.540

1.2 * Cost Price = RS.540

Cost Price = RS.540 / 1.2

Cost Price = RS.450



Therefore, the cost price of the toy car is RS.450.
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Selling price of a toy car is RS.540. If the profit made by shopkeeper is 20% what is the cost price of this toy?
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Selling price of a toy car is RS.540. If the profit made by shopkeeper is 20% what is the cost price of this toy? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Selling price of a toy car is RS.540. If the profit made by shopkeeper is 20% what is the cost price of this toy? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Selling price of a toy car is RS.540. If the profit made by shopkeeper is 20% what is the cost price of this toy?.
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