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Suhana sells a sofa set for ₹9600 making a profit of 20%. What is the C.P. of the sofa set?
Given, Suhana sells a sofa set for ₹9600
She makes a profit of 20%
We have to find the C.P. of the sofa set.
Let the cost price be ₹100
Profit = 20% of cost price
= (20/100) × 100
Profit = ₹20
Profit = selling price - cost price
20 = selling price - 100
Selling price = 20 + 100
Selling price = ₹120
When CP = ₹100; SP = ₹120
If SP = ₹9600, CP = ?
CP = (100/120) × 9600
= (5/6) × 9600
= 5 × 1600
Therefore, CP = ₹8000
✦ Try This: Rahul sells a sofa set for ₹6000 making a profit of 10%. What is the C.P. of the sofa set?
☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8
NCERT Exemplar Class 7 Maths Chapter 7 Sample Problem 8
Suhana sells a sofa set for ₹9600 making a profit of 20%. What is the C.P. of the sofa set
Suhana sells a sofa set for ₹9600 making a profit of 20%. The C.P. of the sofa set is ₹8000.
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