Question

Selling price of a toy car is 480. If the profit made by shopkeeper is 20%, what is its cost price

Answer 1

Hey mate!!

Here's your answer...

Let the CP be Rs x

Profit = 20% of x

= 20x/100

= x/5

SP = CP +Profit

=> 480 = x + x/5

=> 480 = 6x/5

=> 6x = 480*5

=> x = 480*5/6

=> x = 80*5

=> x = 400

Cost Price of toy car = Rs 400

Hope it helped you...

Answer 2

Step-by-step explanation:

Sp =480

Profit%=20%

CP= 100/100+Gain%* 480

100/1200*480

=400

CP =400 Rs

Hope this helps you