Question

Find the cost of an article sold at 20% gain for 360

Answer 1

Answer:

Explanation:

The cost price of the article is Rs.300.  

Step-by-step explanation:

Given : An article sold at 20%gain for Rs.360.

To find : The cost price of the article?

Solution :  

The selling price of the article is Rs.360.

The gain% of the article is 20%.

The cost price of the article is given by,

CP=\frac{100}{100+G\%}\times SP

Substitute the values in the formula,

CP=\frac{100}{100+20}\times 360

CP=\frac{100}{120}\times 360

CP=300

Therefore, The cost price of the article is Rs.300.