Question

A shopkeeper sells an item for RS.348, making a profit equal to 1/5of the cost price. Find the gain per cent and the cost price.

ANSWER (20%, RS 290)​

Answer 1

Answer:

let the cp be rupees100

SP=rupees348

profit=1/5of100=20%

CP=100/100+P%*SP

100/120*348=290

profit=20%

CP=rupees290