When an item is sold for ₹3,510, it earns 17% profit on the cost price. The cost price is ______.
₹3,000
Let the cost price be x. Then, selling price = x + 17% of x = 1.17x. We are given that the selling price is ₹3,510, so:
1.17x = 3,510, thus x = 3,510 / 1.17 = ₹3,000.
Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
