Question

A radio is sold at a gain of 15% if it had been sold for rupees 20 more 20% would have been gained the cost price of the radio is


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Answer 1

Answer:

here is example

Step-by-step explanation:

COST PRICE : The price at which a buyer purchases an article is called the cost price(CP) of the article for the buyer.

•SELLING PRICE : The price at which a seller sells an article is called the selling price(SP) of the article for the seller.

•LOSS : If the CP of an article is more than its SP, there is a loss for the seller (CP> SP).

SOLUTION :

GIVEN :

SP of a radio = ₹ 480

Loss = 20 %

CP = (SP × 100) / (100 - loss)

CP = (480 × 100) / (100 - 20)

CP = 48000 / 80

CP = ₹ 600