Question 51

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

Solution

Let's assume the cost price of the bag is 'y'.

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880.

y of 40% = 880

$$y\times\frac{40}{100}=880$$

$$y\times\frac{1}{100}=22$$

y = 2200

cost price of the bag = ₹2200

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