Question

gaurav sold a plot of land for $rupes 1,20,000 and thereby loses 20% . find the cost price of the plot.

Answer 1

Let the cost price be a

Selling price = Cost price - Loss

=> 120000 = a - 20 % of a

=> 120000 = a - 20a/100

=> 120000 = 80a/100

=> 80a = 12000000

=> 8a = 1200000

=> a = 150000

Cost price = Rs 1,50,000