Question

By selling an article for ₹28500,Ravi gain 20% .Find his cost price.​

Answer 1

Answer:

₹35625

Step-by-step explanation:

SP of the article = ₹28500

Profit % = 20%

As we know,

CP = SP × [100/(100 - Profit %)]

= ₹28500 × [100/(100 - 20)]

= ₹28500 × [100/80]

= ₹35625 ans.

Answer 2

Step-by-step explanation:

Your question: By selling an article for ₹28500,Ravi gain 20% .Find his cost price.

Your answer:

Given, S.P. of an article : $28500

Profit earned by Ravi : 20%

C.P. : ?

Therefore,

Formula used:

$c.p. = \frac{s.p. \times 100 }{100 + profit\%}$

So, placing the values:

$c.p. = \frac{28500 \times 100}{100 + 20}$

[ do the mathematical functions]

$c.p. = \frac{2850000}{120}$

[ cancelling the terms if we can cancel ]

$c.p. = \frac{23750}{1}$

Hence, C.P. of the article bought by Ravi : $ 23750

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