Question

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

Answer 1

let the cost pice of the article be ' Rs x '

selling price of article = Rs 28500

gain = 20 %

Find the gain :
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gain = 20 % of cost price

gain = 20 % of x = 20 × x / 100 = 0.2 x

Find the cost price:
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cost price + gain = selling price

x + 0.2 x = 28500

1.2 x = 28500

x = Rs 23750

Answer: cost price of article = Rs23750

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