Question

a shopkeeper sold an umbrella for rs. 450,thereby making a profit of 20%. Find the price at which the shopkeeper bought the umbrella.​

Answer 1

Let the CP be x

ATQ,

x + 20% of x = 450

x + (20/100)*x = 450

(120x/100) = 450

x = (450*100)/120

x = 375

The CP is 375 Rs