Find the Cost Price of the Product
If a company sells the particular product with 20% profit and its selling price is Rs. 480. Find the cost price of the product?
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CP=SP*100/(100+PROFIT%)
=>CP=480*100/(100+20)
=>CP=480*100/120
=>CP=4*100
=>CP=400
=>CP=480*100/(100+20)
=>CP=480*100/120
=>CP=4*100
=>CP=400
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