By selling an article for rs 1470, a man gains 1/6th of its cost price. Find its cost price.

Suppose the cost price of an article is x.
Gain = 1/6 of the cost price = x6
And the selling price of an article = Rs.1470
So we have;
Cost price + gain = Selling pricex +x6 = 14707x6 = 1470x = 1470×67 = 1260
Therefore, the cost price of an article is Rs.1260.

  • 1

gain= 1/6 x c.p

SP = CP + gain

1470 = CP+1/6 CP = 7/6 CP

therefore, CP = 6/7 x 1470 = Rs. 1260

  • 1

s.p=1470

gain=1/6*c.p

s.p=c.p+profit

profit=s.p-c.p

c.p=c.p+1/6*c.6

1+1/6*c.p=1470

7/6*c.p=1470

c.p=1470*6/7=Rs.1260

  • 0
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