Question

an article was sold for rs 550 with profit 20% what is it's cost price
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Answer 1

Answer:

Step-by-step explanation:

CP = Sp - profit %

= 550- 550×20/100

= 550-110=440

Answer 2

Step-by-step explanation:

S.P = RS 550

GAIN % = 20

C.P = 100/100 + Gain % × S.P

C.P = 100/100+20 × 550

C.P = 100/120 ×550

C.P = 458.3

Therefore cost price =rs 458.3

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