Question

An article is sold at a profit of 20%. If both the cost price and selling price are Rs. 100 less, the profit would be 4% more. Find the cost price ?​

Answer 1

Answer:

Review it, if answer is correct

Step-by-step explanation:

Take Cost Price = 100x = 5x

Sales Price After 20% Profit = 120x = 6x

After Reduction of 100 From  each get 24 % profit

5x - 100 = 100 / 6x - 100 = 124

x = 120

Cost Price = 5x = 5 * 120 = 600 rs