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Here is your answer mate...
A shopkeeper sells an article at 300 rupees.
Profit is 20% ...
At 20% profit,if the cost price is 100 rupees then the selling price is (100+20)=120 rupees.
At 20% profit,
If the selling price is 120 rupees,then the cost price is 100 rupees.
Then if the selling price is 1 rupee then the cost price is (100/120) rupees.
Then if the selling price is 300 rupees then the cost price is:
(300×100)/120 rupees.
=3000/120 rupees.
=250 rupees.
Cost price is 250 rupees.
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