Question

The selling prize of an article is rs 420 and profit is 20% find the cost prize of an article

Answer 1

Answer:

Step-by-step explanation:

Let the cost price be x

Profit % = 20%

Profit =  

SP = CP+Profit

SP=x+0.2x

SP=1.2x

We are given that selling price of an article is rupees 420

So, 1.2x = 420

x=350

Hence The cost price is Rs.350

Answer 2

Step-by-step explanation:

Let the cost price be x

Profit % = 20%

Profit =  

SP = CP+Profit

SP=x+0.2x

SP=1.2x

We are given that selling price of an article is rupees 420

So, 1.2x = 420

x=350

Hence The cost price is Rs.350.

HOPE IT HELPS!!!