Question

An article is sold at profit of 20% . if the article is sold at ₹20 less ,than the profit becomes 12%. Find the Cost price of the article​

Answer 1

Answer:

Let the cost price be x

Since profit is given as 20%, selling price

When C.P. and S.P. are Rs. 20 less then,

C.P. =x−20

S.P. =1.2x−20

According to the given condition,

Now, 1.2x−20=1.3×(x−20)

⇒1.2x−20=1.3x−26

⇒1.3x−1.2x=−20+26

⇒0.1x=6

⇒x=60

therefore, the cost price of the article is Rs. 60.

Answer 2

Answer:

C.P. = Rs. 250

Step-by-step explanation:

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