Question

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

Answer 1

100/120×360=300
ans is 300 rs

Answer 2

Answer:

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.