AFCAT II 26 AUG 2022 Shift 1 Paper

Profit percentage =

(Selling Price - Cost Price )

Cost Price

Given that, selling price =96
Let, cost price =C
According to the question
Profit percentage = Cost Price =C
Profit percentage =( Selling Price − Cost Price )∕ Cost Price

C

100

=

(96−C)

C

⇒C2=9600−100C
⇒C2+100C−9600=0
⇒C2+160C−60C−9600=0
⇒C(C+160)−60(C+160)=0
⇒C=60 ‌‌−160
∴ The cost price is ₹60 .