By selling a bedsheet for Rs $640$ a shopkeeper earns a profit of 28%. How much did the bedsheet cost the shopkeeper?

Given the Selling price of a bedsheet as Rs 640 at a profit percentage of 28%

To find the cost price of the bedsheet

Solution:  

Selling price of bedsheet = SP = Rs 640

Profit % = 28%

The cost price of bedsheet = CP = $\frac{100 SP}{100 + 28}$

= $\frac{100\times 640}{128}$

=Rs $500$

The bedsheet cost Rs $500$ to the shopkeeper.

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Updated on: 10-Oct-2022

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