A person sells an article for ₹240, gaining 1/5 of its C.P. Find the CP
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Answer:
40 is the Answer
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Step-by-step explanation:
Selling Price = 240
Gain = 1/5 of CP
Let CP to be x
SP = x + 1/5x
240 = x + x/5
240 = 5x + x / 5 (by taking LCM)
240 = 6x/5
240 × 5 = 6x
240 × 5 / 6 = x
40 × 5 = x
200 = x
So,
CP = x = 200
Gain = 1/5 of CP
= 1/5 of x
= 1/5 of 200
= 1/5 × 200
= ₹40
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