Question
The selling price and cost price
of an item are in the ratio of 7:5. If the profit made from selling the item is Rs. 38.60, Determine the selling price of the item?Solution
ATQ, Let the cost price of the item be Rs. '5a' So, selling price of the item = 5a Ă— (7/5) = Rs. '7a' ATQ; 7a - 5a = 38.60 Or, 2a = 38.60 So, a = 19.30 So, selling price of the article = 19.30 Ă— 7 = Rs.135.10
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