Question

the difference between the cost price and selling price of an article is rupees 240 if the profit percent is 20 at what price was the article sold

Answer 1

Answer:So 20%=240

1%=24

100%=cp=2400

Sp=2640

Step-by-step explanation:

Answer 2

The article was sold at Rs. 1440.

• Difference between the selling price and cost price of an article is Rs. 240.
• Now the profit percent obtained is 20.
• Therefore the difference will be as,

Selling price - Cost price = Rs .240.

which is also known as profit.

• The profit obtained is Rs. 240.

• Now , the profit percent is given as 20%.

• Formula to calculate the profit percent is ,

Profit percentage = $\frac{Profit}{Cost \ price}$ × 100

• Substituting the values, we get

20 = $\frac{240}{Cost \ price}$ × 100

Cost price = 12 × 100 = 1200 Rs.

• We have to calculate the selling price of he article ,

Selling price = Cost price  + Profit = 1200 + 240 = RS. 1440