A doll is solid for RS 220 What was the cost of doll if rate of profit was 10% of cost?
A doll is solid for RS 220 What was the cost of doll if rate of profit was 10% of cost?
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:
Given that the profit is 10% of the cost price, we can express the profit as:
Let the cost price be . Therefore, the selling price can be expressed as:
We know the selling price is Rs. 220, so we can set up the equation:
Now, we can solve for :
Thus, the cost of the doll was Rs. 200.