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Question

By selling a mirror for 1904, Manoj made12% profit. For how much did he purchase the mirror?


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Solution

Finding the cost price of the mirror

Given,

S.P=1904Profitpercent=12%

We know that, Profit%=S.P-C.PC.P×100

Putting the values, we get

12=1904-C.PC.P×10012C.P=190400-100C.P12C.P+100C.P=190400112C.P=190400C.P=190400112C.P=1700

Hence, cost price of the mirror is 1700


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