Question

Mr. Agrawal has an electrical shop. He sold a tube light for Rs 240 at 20% profit. Find the cost price of tube light.​

Answer 1

Answer:

200

Step-by-step explanation:

120---100

1---100/120

240---100/120×240 = 200

Answer 2

Answer: ₹200

Explanation:

SP = CP + CP×profit%

⇒ SP/CP = 1 + profit%

⇒ CP = SP/(1 + profit%) = 240/(1 + 20%) = 240/(6/5) = 240×5/6 = 200