If Harsh sold a match ticket for Rs.340 at a profit of 25%,at what price did he purchased the ticket?
Question
If Harsh sold a match ticket for Rs.340 at a profit of 25%,at what price did he purchased the ticket?
Solution
To find the cost price of the ticket, we first need to understand that the selling price of Rs.340 is 125% of the cost price. This is because the cost price includes the 100% original cost plus the 25% profit.
So, if 125% of the cost price is Rs.340, then 1% of the cost price would be Rs.340 divided by 125, which equals Rs.2.72.
Therefore, the cost price (which is 100%) would be Rs.2.72 multiplied by 100, which equals Rs.272.
So, Harsh purchased the ticket for Rs.272.
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