Profit and Loss Practice Test 4

Question : 31 of 40

Marks: +1, -0

An item when sold for Rs 1,690 earned 30%profit on the cost price. Then the cost priceis:

Solution:

SP = Rs 1,690
CP = x
Profit = 30%
SP = x + 30% of x

1690=x+30/100x

x=1300

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