Question

Sold goods of ₹24000 at 20%profit what is its purchase price

Answer 1

24,000 at 20% profit on cost, the purchase price of the goods is Rs. 20,000.

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Answer 2

Explanation:

let the purchase price be x

20% of x = 20*x /100=x/5

x+x/5 =24000

6x/5 =24000

6x = 24000 * 5

x =24000 *5 /6

x= 20000