Question

Suhana sells a sofa set for rupees 9,600 making a profit of 20 percent. What's the CP of sofa set

Answer 1

Find the selling price in percentage:

Profit = 20%

Selling Price = Cost Price + Profit

Selling Price = 100 + 20 = 120%

Find the cost price:

Selling Price = 120%

Selling Price = Rs 9600

120% = Rs 9600

1% = 9600 ÷ 120 = Rs 80

100% = 80 x 100 = Rs 8000

Answer: The cost price is Rs 8000

Answer 2

C.P.= 100/(100+20) ×9600
=(100/120)×9600
=(5/6)×9600
=5×1600
=8000