Question 142

Vandana sells an article for Rs 3,240 and earns a profit of 20%. What is the cost price of the article ?

Solution

Let the cost price of the article be C.
As the profit percentage of the article is 20%, the selling price of the article is 1.2C

But 1.2C = 3240
Hence, C = 3240/1.2 = Rs. 2700

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