Question

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An article was sold for ₹540 with a profit of 20%. What was its cost price?
Please help! answer with statements required.

Answer 1

Answer:

SP = 540

Profit = 20%

If cp is 100 profit is 20 and SP is 120

If SP is 520 then

SP = 120x

120x = 520

X = 520/120

= 4.33

Cp = 100x

= 4.33 * 100

= 433

Step-by-step explanation:

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