Question

S.P= rupees 700, loss=20% find cost price​

Answer 1

ANSWER

Let x be the cost price of article.

Therefore,

x−

x=700

x−

5

x

=700

5x−x=3500

x=

4

3500

=875

Thus the cost price of article is Rs.875.

Now to make profit of 20%,

Selling price

=875+

100

20

×875

=875+175=Rs.1050

Hence, to make 20% profit, the article should be sold for Rs.1050.