A man sells 15 bed sheets for Rs 15000 and he got profit of 5 bed sheet's cost…
2023
A man sells 15 bed sheets for Rs 15000 and he got profit of 5 bed sheet's cost price. What is the CP of 1 bed sheet.
- A.
1000
- B.
750
- C.
775
- D.
800
Attempted by 58 students.
Show answer & explanation
Correct answer: B
Answer: 750
Explanation:
Let the cost price (CP) of one bed sheet be x.
Total CP of 15 bed sheets = 15x.
Profit = cost of 5 bed sheets = 5x.
Total selling price = total CP + profit = 15x + 5x = 20x.
Given total selling price = Rs 15000, so 20x = 15000.
Therefore x = 15000 ÷ 20 = 750.