Question

16 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

Step-by-step explanation:

We are given, SP = 300

And Profit = 20%

We know that Profit% = Profit*100/CP

                   So, 20*CP = 100*Profit

                         so, Profit = CP/5

So, SP-CP = CP/5

       So, 300 = CP/5+CP

          SO, 6CP = 1500

          So,  CP = 250 rs

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Answer 2

Step-by-step explanation:

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