Question

Shopkeeper sells an article at rupees 320 3rd suffering a loss of 20% find the cost price of article

Answer 1

Answer:

Let Cost Price of the article be p.

According to the Question

Loss = 20%

Selling Price = ₹ 320

Formula Loss = CP - SP

Loss = (p - 320).

Using Formula

= \bf\huge Loss = \frac{Loss}{CP} \times100Loss=CPLoss×100

\bf\huge 20 = \frac{p-320}{p}\times10020=pp−320×100

⇒ p = 5p - 1600

⇒ 4p =  1600

⇒ p = 400

The Cost Price of the article is ₹400

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