On selling an article for Rs 2300, a shopkeeper made a profit of 15 %. find the cost price of the article.

Step-by-step explanation:

Sp of an article= Rs 2300

profit%=15%

let Cost Price of an article be X

SP=CP+PROFIT %*CP

2300=X+15/100*X

2300=100X+15X/100

2300*100=115X

230000/115=X

2000=X

Therefore cost price of an article is Rs 2000.

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;