Question 64

By selling an article for ₹1,200, a shopkeeper suffered a loss of 20%. What was the cost price of that article?

Solution

By selling an article for ₹1,200, a shopkeeper suffered a loss of 20%.

Let's assume the cost price of the article is '100y'.

selling price of the article= 100y of (100-20)%

1200 = 100y of 80%

$$1200=100y\times\frac{80}{100}$$

$$15=y$$

Cost price of that article = 100y

= $$100\times15$$

= ₹1500

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