Question

Sold good of 20000 at 20% profit on cost, the purchase price of the good is

Answer 1

Answer:

24000

Explanation:

20/100=20000

100 is cut by 20000

20*200=4000

Answer 2

Answer:

CP=16000

Explanation:

GIVEN:

SP=20000

P%=20%

CP=?

Now,we will use the formula to find purchase price that is:

CP=SP - PROFIT

CP=20000-4000

CP=16000