Question

If A shopkeeper sells a wrist watch for Rs 720 and makes a profit of 20% find its cost price

Answer 1

Let the cost price be 'x'

Now as we know that seling price=

Cost price+profit percentage of cost price

•x+20/100x=720

•x/1+x/5=720

•5x/5+x/5=720

•6x/5=720

•6x=720*5

•6x=3600

•x=3600/6=600

Therefore cost price is ₹600

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Answer 2

Answer:

CP is 600 if Sp is 720

Step-by-step explanation:

with 20%profit