Question

Sushant sold an article at a profit of 12% had it sold for rs 16 more the profit would have been 20%find the c.p.of the article

Answer 1

Rs 200.00
If 8% is Rs 16
100% is Rs 200, which is the cost price.

Answer 2

Let CP be x
According to question
1.12x+16=1.20x
On solving the above equation we get
x=200ruppees