Question

to make a profit of 20% the selling price of the goods is Rs 240.the cost price of the goods is?​

Answer 1

profit=20%

SP=240

CP= 100/100+gain%×240

100/100+20×240

100/120×240

=Rs200

Answer 2

Answer:

The cost price of the goods is Rs.200

Step-by-step explanation:

Let the cost price be x

Profit % = 20%

Profit = $20\% \times x$

          = $\frac{20}{100} \times x$

Selling price of the goods is Rs 240

SP = CP +Profit

$240=x+(\frac{20}{100}x)$

$240=x+0.2x$

$240=1.2x$

$\frac{240}{1.2}=x$

$200=x$

Hence the cost price of the goods is Rs.200