Question

if selling price of an article is 540 and the profit made was 20% find the cost price of article

Answer 1

Ans.

The profit = 20%.
That means if the article is bought for Rs 100, then is sold for Rs (100+20) = Rs 120.

When the selling price is Rs 540, the cost price be
$= \frac{540 \times 100}{120} \\ = 450 \: \: rupees$

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