Question

By selling an article for 28500, ravi gains20%.find his cost prise.

Answer 1

selling price = 28500

Profit Percentage = 20%

Let Cost be 'x'

we know that

Cost price + Cost price × profit Percentage = selling price

x + x×20%=28500

x + 20x/100 = 28500

x + 0.2x = 28500

1.2x = 28500

x = 28500/1.2 = 23750 = cost price

Answer 2

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