A shopkeeper sells an articles at rs 300 , thus earning a profit of 20% . find the cost price of the articles.
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sinharay111:
please give me the right answer.
Answers
Answered by
1
Answer:
250rs
Step-by-step explanation:
sp of article = 300rs
profit = 20%
we know that
cp = (100/100+p%) × sp
so using this formula , we will solve the problem
- cp = (100/100+20)×300
- cp = (100/120)×300
- cp = 100×300/120
- cp= 30000/120
- cp= 3000/12
- cp= 250
cost price of article= 250rs
hope it helps
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Answered by
5
We are given, SP = 300
And Profit = 20%
We know that Profit% = Profit*100/CP
So, 20*CP = 100*Profit
so, Profit = CP/5
So, SP-CP = CP/5
So, 300 = CP/5+CP
SO, 6CP = 1500
So, CP = 250 rs
I hope this would help you!!!
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