Question

10. A shopkeeper sells an article at 300, thus earning a profit of 20%. Find the cost price of the article.
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Answer 1

Answer:

S.P. of an article =Rs.300

Profit=20%

∴ Cost price =

100+Profit%

S.P.×100

=

100+20

300×100

=

120

300×100

=Rs.250

Answer 2

Answer:

250 rs.

Step-by-step explanation:

If c.p = x

$x \times 120 \div 100 = 300$

$120x = 30000$

$x = 30000 \div 120$

$x = 250$

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