Question
Pinky bought a saree and sold it for Rs 455 at a gain of 30% Find her cost price
- Rs.350
- Rs.400
- Rs.500
- Rs.600
Hint:
We are given the selling price of saree of Pinky. It is Rs. 455. We are also gain percentage of the saree. It is 30%. We have to find the cost price. Gain is the extra amount we get when we sell a product. Gain percentage is the ratio of gain and cost price.
The correct answer is: Rs.350
The given quantities are
Selling price = Rs. 455
Gain percentage = 30%
We have to find cost price.
We will find the value of gain first. Using that value, we will find the cost price.
Gain = Selling price – Cost price
Gain percentage is the increase in cost price.
1.3 cost price = 455
Dividing both the sides by 1.3
Cost price = 350 rupees.
So, the cost price of saree is Rs. 350
For such questions, we should know the formula of cost price and gain.
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