if selling price of article is Rs 2000 . and profit% is 25 . find cost price
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cost price of article is Rs 1600
Step-by-step explanation:
Selling price is 2000
Profit is 25% on cost
Let, Cost be x
As we are getting profit than means Sp is greater than Cp
⇒Cp + profit = Sp
x + 25% on x = 2000
x + 25x / 100 = 2000
100x + 25x = 2000*100
125x = 200000
x = 1600
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Trick :
Profit of 1/4 on cost = profit of 1/5 on sale ( 1/4 = 25% ) (1/5 = 20%)
Let profit be x
x/4 of cost = x/5 on sale
x/5 (2000) = 400
Profit is 400
Cp = Sp - profit
2000 - 400 = 1600
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