Question

find the cost price of an article that is sold for 1200 at a profit of 20%

Answer 1

Given
Sp=1200
Profit =20%

Cp=spx100/(100+profit %)

Cp=1200x100/120

Cp=1000

This is ur ans hope it will help you

Answer 2

hello Frnd

Let the Cost price be = X
Sales price = cost + profit

>> 1200 = X + X× 20/100

>> 1200 = 120X/100
>> 120000 = 120X

>> 120000/120 = X

>>1000

hence the Cost price = ₹ 1000

hope it helps
jerri