A person sold an item for Rs. 4,608 and earned a profit of 28%. What is the cost price of the item?
- ARs. 3,500
- BRs. 3,600
- CRs. 3,700
- DRs. 3,800
Solution & Step-by-step Explanation
Let the cost price of the item be Rs. CP.
Given:
Selling Price (SP) = Rs. 4,608
Profit Percentage = 28%
The formula relating SP and CP is:
SP=CP×(1+
100
Profit%
)
4608=CP×(1+
100
28
)
4608=CP×
100
128
Solving for CP:
CP=
128
4608×100
CP=36×100=3600
Thus, the cost price of the item is Rs. 3,600.
Given:
Selling Price (SP) = Rs. 4,608
Profit Percentage = 28%
The formula relating SP and CP is:
SP=CP×(1+
100
Profit%
)
4608=CP×(1+
100
28
)
4608=CP×
100
128
Solving for CP:
CP=
128
4608×100
CP=36×100=3600
Thus, the cost price of the item is Rs. 3,600.