Question

Find the cost price of an article which is sold at a profit of 80% for 2160

Answer 1

Answer:

Rs. 1200

Step-by-step explanation:

SP of article = Rs. 2160

Profit = 80%

CP of article = SP * 100/(100 + Profit%) = 2160*100/180 = Rs. 1200

Answer 2

Answer:

let CP=xrs

SP=2160rs

profit= 80%

we know , profit%=(SP-CP)/CP ×100

80=2160-x/x ×100

4/5=2160-x/x

now cross multiply,

4x=10800-5x

9x=10800

x=9200rs