Question

If a person sells an article for Rs. 240, gaining 1/5 of its CP. Find the cost price ?

Answer 1

Answer:

Rs. 200

Step-by-step explanation:

Let the CP be x.

Therefore gain= 1/5x

•.• SP = CP + gain

240= x+ 1/5x

240= 6/5x

x= 240×5/6

x= 1200/6

x= 200

Hence, CP= x= Rs. 200

gain= 1/5x= 1/5× 200= Rs. 40

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Answer 2

Answer:

The C.P is Rs.200.

Step-by-step explanation:

S.P = Rs.240

Gain/Profit = 1/5 of C.P

Therefore, let the C.P be x .

S.P = x + 1/5 x

240 = 6/5 x

x= 240×5/6 =1200/6

x= Rs. 200