A man sold 18 toys for Rs. 16800, gaining thereby the cost price of 3 toy find the cost price of a toy
A. Rs. 600
B. Rs. 800
C. Rs.500
D. Rs.900
Solution(By Examveda Team)
Let the cost of one toy = X.
Then, cost of 18 toys = 18X.
Gain = 3X.
SP of 18 toys = Rs. 16800.
Gain = SP – CP
3X = 16800 – 18X
21X = 16800
X = Rs. 800.
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Selling price of 18 cots -cost price of 18 cots =cost price of 3 cots
So, selling price of 18 cots =cost price of 21 cots
Cost price of 21 cots =16800
Cost price =800