Question

On selling an article for Rs 2300, a shopkeeper made a profit of 15 %. find the cost price of the article.

Answer 1

Explanation:

Sp of an article= Rs 2300

profit%=15%

let Cost Price of an article be X

SP=CP+PROFIT %*CP

2300=X+15/100*X

2300=100X+15X/100

2300*100=115X

230000/115=X

2000=X

Therefore cost price of an article is Rs 2000.