suresh bought a cell phone from a shop. if he sells it at rs. 8400 to mahesh and earns a profit of 12%, find the price at which suresh bought the cell phone.
To find the price at which Suresh bought the cell phone, we need to determine the original cost of the cell phone before he made a profit of 12%.
Let’s denote the original cost of the cell phone as “C”.
We know that Suresh sold the phone to Mahesh for Rs. 8400 and earned a profit of 12%. This means the selling price is 112% of the original cost.
Mathematically, we can express this as:
Selling Price = Original Cost + Profit
8400 = C + 0.12C
8400 = 1.12C
To find the value of C, we divide both sides of the equation by 1.12:
C = 8400 / 1.12
C ≈ 7500
Therefore, the price at which Suresh bought the cell phone is approximately Rs. 7500.