Question

The selling price of a toy is rupees 480 if the loss is 20 percentWhat is the cost price.At what price he has to sell it to get a profit of 20 percent

Answer 1

Answer:

If selling toy at a price of 480 and bears loss of 20%.

It means he sells the toy at 80% cost of price .

so ,

let the cost of the toy be x.

80%of x = 480

x=480×100÷80

x=600

cost price =600

Now,

price to get 20 % profit

600+(600× 20%)

600+120

720