the selling price and cost price of an articke differ by rs240. if the percentage is 20,then the cost price is rs?
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Solution:
Let x be the selling price & y be the cost price.
Therefore, difference = profit = x - y = ₹240
Since, profit % = 20%
or 20% × y = 240
or 20/100 × y = 240
or y = ₹1200
Hence, the cost price of the article is ₹1200/-
Let x be the selling price & y be the cost price.
Therefore, difference = profit = x - y = ₹240
Since, profit % = 20%
or 20% × y = 240
or 20/100 × y = 240
or y = ₹1200
Hence, the cost price of the article is ₹1200/-
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