Question

11. By selling a bucket for 24, a blacksmith loses 20% of his cost. If he sells it for 27 have been 25% find the C.P.
​

Answer 1

Answer:

SP = CP - loss;

or 24 = cp - 20%cp = 80%cp = 0.8*cp

hence cp = 1/0.8 of 24 = 24/0.8 = 30