When a shopkeeper increases the selling price of an item from Rs. 2252

1.	When a shopkeeper increases the selling price of an item from Rs. 2252 to Rs. 2360, his profit is increased by 10%. What is the cost price of the item?1. Rs. 22302. Rs. 18903. Rs. 10804. Rs. 11455. Rs. 2000
Answer» Correct Answer - Option 3 : Rs. 1080 Given: Sp of an item is increased from Rs. 2252 to Rs. 2360 Concept: Increase in profit is proportional to increase in selling price. Formula: y% of Cp = increase in Sp Where, y% = increase in profit % Cp = cost price Sp = sell price Calculation: Increase in sell price = Rs. (2360 – 2252) = Rs. 108 Let cost price be x 10% of x = 108 10/100 × x = 108 1/10 × x = 108 x = 108 × 10 x = 1080 ∴ Cost price of the item is Rs. 1080

When a shopkeeper increases the selling price of an item from Rs. 2252 to Rs. 2360, his profit is increased by 10%. What is the cost price of the item?1. Rs. 22302. Rs. 18903. Rs. 10804. Rs. 11455. Rs. 2000

Answer» Correct Answer - Option 3 : Rs. 1080

Given:

Sp of an item is increased from Rs. 2252 to Rs. 2360

Concept:

Increase in profit is proportional to increase in selling price.

Formula:

y% of Cp = increase in Sp

Where,

y% = increase in profit %

Cp = cost price

Sp = sell price

Calculation:

Increase in sell price = Rs. (2360 – 2252) = Rs. 108

Let cost price be x

10% of x = 108

10/100 × x = 108

1/10 × x = 108

x = 108 × 10

x = 1080

∴ Cost price of the item is Rs. 1080

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When a shopkeeper increases the selling price of an item from Rs. 2252 to Rs. 2360, his profit is increased by 10%. What is the cost price of the item?1. Rs. 22302. Rs. 18903. Rs. 10804. Rs. 11455. Rs. 2000

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