Question

a commodity is sold at rupees 480 with a loss of 20% on the selling price. Find the cost price of the commodity

Answer 1

If cost price is 100 then
20% loss means we sold at 80 now
CP is
480/80 * 100= 600rs

Answer 2

Answer:

C.P. (Cost Price) = ₹600

Step-by-step explanation:

Given:

Selling Price (S.P.) = ₹480

Loss percentage = 20%

To find:

Cost Price (C.P.)

Solution:

we know that,

formula for finding C.P. if S.P. and loss percentage are given = S.P.× 100/(100 - loss percentage)

so putting in values, we get

480 × 100/(100-20)

48000/80

600

Therefore, the cost price (C.P.) is ₹600.

hope it helps you.