A chair was sold for ₹60 at a profit of 20% what was the cost price of pen is
Answers
Answered by
2
Answer:
Rs 50
Step-by-step explanation:
It is given that
Selling price (SP)=Rs 60
profit % = 20%
Formula for cost price when SP & profit % is given
=SP×100/100+profit%
=60×100/100+20
=60×100/120
=100/2. (After cancelling 60 & 120)
=Rs 50
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Answered by
2
Answer:
C. P. =₹50
Step-by-step explanation:
Profit % = SP-CP/ CP
Let CP = x
20 = 60-x
= 20x = 6000- 100x
= 100x+20° 6000
= 120x = 6000
= 12x=600
x= 600/12= 50
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