An article is sold for Rs 400 after a 100 percent profit then the Cost price would be?
Answers
Answered by
2
Answer:
Selling Price(S.P.)= Rs 400
Profit%(P%)= 100%
Cost Price(C.P.)= To be calculated
We know,
C.P. = 100/100+ P% × S.P.
= 100/100 +100 × 400
= 100/200 × 400
= 100 × 2
= 200
Therefore, Cost Price = C.P. = Rs. 200
Answered by
1
Answer:
SP of the article is = Rs 480 and Profit = 20%
So by using the formula, CP = 100/(100+Profit%) x SP
CP = 100/(100+20) x 480
= 100/120 x 480
= Rs 400
Hence the CP of the article is Rs 400
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