Question

By selling a table for ₹480 a trader gains 20%. Find the cost price of the table.​

Answer 1

Answer:

There is a simpler method of solving it

since profit made is 20%

480 is 120% of cost price

let cp be x

then by simple way through which we calculate %age

(480/x)X100= 120%

48000/x=120%

x=48000/120

The answer is 400

Which is cost price of the product

Answer 2

Step-by-step explanation:

There is a simpler method of solving it

since profit made is 20%

480 is 120% of cost price

let cp be x

then by simple way through which we calculate %age

(480/x)X100= 120%

48000/x=120%

x=48000/120

The answer is 400

Which is cost price of the product