By selling an article for ₹28500,Ravi gain 20% .Find his cost price.
Answers
Answered by
2
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.
Answered by
13
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:
So, placing the values:
[ do the mathematical functions]
[ cancelling the terms if we can cancel ]
Hence, C.P. of the article bought by Ravi : $ 23750
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