Question

A man gains 20% by selling an old sofa for 750. Find out the cost price of the sofa​

Answer 1

Answer:

600 rs.

Step-by-step explanation:

SP= 750

profit% = 20%

profit is gained on SP, so

20% of 750= discount (rs.)

20/100× 750= 150

subtract the discount from the SP.

you get the cost price.

750-150= 600

Answer 2

Step by step explaination

Profit % = 20%

selling price = 750rs.

Cost price = ?

CP = SP*100 / 100+PROFIT%

750*100 / 100+20%

75000 / 120

CP = 625 RS