Question

by selling an article for rupees 240 a person gain 20% what is his CP what would his profit percent be if he had sold the article for rupees 275?​

Answer 1

Solution:

Solution: 

Let the cost price of an article = Rs.x

Selling price of an article = 240

⇒ Cost price + profit = 240

⇒ x + 20% of x =240

∴ Cost price of an article = Rs.200  

 If he sold the article for Rs.275