Answer:
Cost price = Rs. 1,870
As a percentage = 17.65%
Explanation:
The electric iron box was sold with a 15% profit on the selling price. The profit was Rs. 330. It means 15% of the selling price is Rs. 330.
I.e., 15% x SP = Rs.330
SP = Rs. 330/15 x 100
SP = 22 x 100
Sp = Rs. 2200
The selling price is Rs. 2200
if the profit is Rs.330, the cost price will be
=Rs.2200 - Rs 330
=Rs. 1,870
profit percentage of cost price
=330/1870 x 100
=0.176 x 100
=17.65%
