1.

The Cost Price Of A College Bag Is 240% More Than The Profit Obtained On It Selling At Rs. 1540. What Is The Cost Price Of That College Bag?

Answer»

<P>Let the profit be Rs. p

Then Cost price of the bag = 340p/100 = 3.4p

According to question,

3.4p + p = 1540

4.4p = 1540

p = 1540/4.4

p = 350

The profit p = Rs, 350

HENCE, The cost price of the bag = 3.4p = 3.4 X 350 = Rs. 1190.

Let the profit be Rs. p

Then Cost price of the bag = 340p/100 = 3.4p

According to question,

3.4p + p = 1540

4.4p = 1540

p = 1540/4.4

p = 350

The profit p = Rs, 350

Hence, The cost price of the bag = 3.4p = 3.4 x 350 = Rs. 1190.



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