A doll is solid for RS 220 What was the cost of doll if rate of profit was 10% of cost?
Answer: 200
Explanation
To find the cost of the doll when it is sold for Rs. 220 with a profit rate of 10%, we can use the following formula:
Selling Price=Cost Price+Profit
Given that the profit is 10% of the cost price, we can express the profit as:
Profit=0.10×Cost Price
Let the cost price be C. Therefore, the selling price can be expressed as:
Selling Price=C+0.10C=1.10C
We know the selling price is Rs. 220, so we can set up the equation:
1.10C=220
Now, we can solve for C:
C=2201.10=200
Thus, the cost of the doll was Rs. 200.
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