The selling prize of an article is rs 420 and profit is 20% find the cost prize of an article
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answer is 350 ok
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QUESTION:-
The selling prize of an article is rs 420 and profit is 20%. find the cost prize of an article?
ANSWER:-
GIVEN:-
- SP of an article = Rs 420
- Profit% = 20%
TO FIND:-
- CP of article = ?
FORMULA USED:-
- SP = CP + profit
- profit = profit % of x
ANSWER:-
let the cost price be x
profit = profit % of x
profit = 20% x
profit = 0.2x
SP = CP + profit
SP = x + 0.2x
SP = 1.2x
420 = 1.2x
x = 420/1.2
x = Rs 350
SO, THE CP OF THE ARTICLE IS Rs 350.
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