Question

By selling a shirt aat 24,000, a trader made a profit of 20%. Find the cost of the shirt.

Answer 1

Answer:

20000

Step-by-step explanation:

let cost price be 100

profit = 120

120----->24000

100------>?

----------> (24000/120)×100

20000

Answer 2

Given,

Selling a shirt at $24000$, a trader made a profit of $20$%

Here,

Selling price $=24000$

Profit $=20$%

Formula,

Cost price $= \frac{selling price\times100}{100+profit}$

Cost price $= \frac{24000\times100}{100+20}$

$=\frac{24000\times100}{120}$

$=20000$

Therefore, the cost price is $20,000$.