Question

find sp and cp on an item whose profit is 120 and profit%is 20​

Answer 1

Answer:

CP=600

SP=480

Step-by-step explanation:

we know that,

profit % =profit /cp×100

given, profit %=20, profit =120 ,let CP be x

so,

120/x×100=20

120/x=1/5

600/x=1

x=600

so CP= 600

profit = CP-SP

120=600-SP

480=SP