Question

selling price of the toy car is Rs 540 .If the profit made by the shopkeeper is 20%.What is the cost price?

Answer 1

sp = 540
Loss % = 20%
Cp = SP × 100/100-L%
= 540×100/100-20
=54000/80
Cp = RS.675

Answer 2

SP=Rs.540
Profit=20%
CP=100/100+G% ×SP
=100/100+20 ×540
=100/120 ×540
=5/6 ×540
=Rs.450