Question

By selling a chair at Rs.300, Sonu makes a profit of 20 %. Find the CP of the chair.

Answer 1

S. p = 300 
profit = 20 % 
C. P = ? 
C.P = (100) /(100 + profit%) * SP 
      = 100 / (100+20) * 300 
      = 30000/ 120 
      = 3000/ 12 
      = 250
c.p = 250