Question

By selling a TV for 24000 a shopkeeper makes a profit of 20%, find the CP of the TV

Answer 1

S.P=24,000
PROFIT%= 20%
C.P =(100*S.P) / (100+PROFIT%)
C.P = (100*24,000) / (100+20)
       = (24,00,000) / (120)
C.P = 20,000  

Answer 2

Dear Student,

● Answer -

Cost price = 20000 Rs

● Explaination -

# Given -

Selling price = 24000 Rs

Profit % = 20 %

# Solution -

Selling price is related to cost price as -

Selling price = Cost price × (100+profit)/100

Rearranging the eqn -

Cost price = selling price × 100 / (100+profit)

Substitute values -

Cost price = 24000 × 100 / (100 + 20)

Cost price = 24000 × 100 / 120

Cost price = 20000 Rs

Hence, cost price of a TV is 20000 Rs.

Thanks dear for asking. Hope this helps you...