A bed sheet was sold for $483 thereby gaining 15%. Find the C.P. of the bed sheet.

Question

asked Mar 18, 2021 43.4k views

1 Answer

Zhuoyun Wei · Answer 1 · 2021-03-22T09:39:40+0000

Explanation:

S.P. = $483

Gain = 15%

C.P. = ?

Profit =

$483 × 15/100

$72.45

Then,

C.P. = S.P. - Profit

= $483 - $72.45

= $410.55

Hence,

Cost price of the bed sheet is $410.55