Question

The SP and CP of an article differ by 240Rs .if the profit percentage is 20 , what is the CP ?

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

The value of CP is Rs. 1200 .

Step-by-step explanation:

Given information,

The SP and CP of an article differ by 240Rs .

The profit percentage is 20.

We have to find out the value of CP (Cost price).

As we know that,

Profit percentage = $\frac{profit}{cp} \times 100$

The SP and CP of an article differ by 240Rs .

So, Profit = Rs. 240

As per given information,

$20 = \frac{240}{cp} \times 100$

CP = $240 \times \frac{100}{20}$

By dividing 240 by 20 we get

CP = $12 \times 100$

CP = $1200$

Hence,

The value of CP is Rs. 1200 .