Kavita sold her car for INR 77,000 and made a profit of 10% , at what price did she buy the car?
Consider the question,
Selling price (S.P.)=77,000
Profit%=10%
Cost price(C.P.)=?
We know that,
Profit%=Selling price-Cost priceCost price×100
10=77000−C.P.C.P.×100
110×C.P=77,00,000
C.P=70,000
Hence, the cost price of the car is Rs. 70,000