Question

A shopkeeper sells an article at rupees 300 thus suffering a loss of 20 % find the cost price of the article

Answer 1

selling price = 150

loss Percentage= 20%

Let Cost be 'x'

we know that

Cost price - cost price×loss percentage= selling price

x - x×20% =300

x - 20x/100 = 300

x - 0.2x = 300

0.8x = 300

x = 300/0.8

x = 375 = cost price