Question

when a table sold at. 3000, there was 20% Profit. what was the cost price that table​

Answer 1

Answer:

Profit amount = S.P * P% = 3000 * 20/100 = Rs 600. So C.P = 3000 - 600 = 2400. Hence the cost price is Rs 2400.

Answer 2

Answer:

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Step-by-step explanation:

Selling Price of each table =3000

Gain on Table1 =20%, Loss on Table2 =20%

For Table1

SP=CP+20% of CP=(

100

120

)×CP

CP=3000×(

120

100

)=2500

For Table2

SP=CP−20% of CP=(

100

80

)×CP

CP=3000×(

80

100

)=3750

Total CP=2500+3750=6250

Total SP=2×3600=6000

Profit or Loss=SP−CP=6000−6250=−250... (Negative means Loss)

Percent loss=(

CP

Loss

)×100=(

6250

250

)×100=4

∴ Loss is 4%