If the selling price of a bike is ₹19000 and the profit gained is 7% find the cost price.

Given :

The selling price of bike $= ₹19000$

Profit percentage$=$ 7%.

To find :

We have to find the cost price of the bike.

Solution :

Let the cost price be x.

Cost price $= Selling price - Profit percentage$

                    $x= 19000 - \frac{7}{100} \times x$

$x + \frac{7x}{100}= 19000 $

$\frac{100x+7x}{100}=19000$

$\frac{107x}{100}=19000$

$x = 19000 \times \frac{100}{107}$

$x = 17757$

Therefore, the cost price of the bike is ₹17757.

         
 

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Updated on: 10-Oct-2022

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