Question

A bed sheet was sold for $483 thereby gaining 15%. Find the Cost Price of
the bed sheet.​

Answer 1

let CP be x.
Gain=15% of x
SP=483$
Profit=SP-CP
CP=SP-Profit
x=483-15x/100
x+15x/100=483
100x+15x/100=483
115x/100=483
x=483*100/115
x=420
So, Cost price of the bed sheet is $420.