Selling price of a toy car is 480. If the profit made by shopkeeper is

1.	Selling price of a toy car is 480. If the profit made by shopkeeper is 20%, what is its cost price
Answer» Hey mate!! Here's your answer... Let the CP be RS x Profit = 20% of x = 20x/100 = x/5 SP = CP +Profit => 480 = x + x/5 => 480 = 6x/5 => 6x = 4805 => x = 4805/6 => x = 80*5 => x = 400 Cost Price of toy car = Rs 400 Hope it HELPED you...

Selling price of a toy car is 480. If the profit made by shopkeeper is 20%, what is its cost price

Answer»

Hey mate!!

Here's your answer...

Let the CP be RS x

Profit = 20% of x

= 20x/100

= x/5

SP = CP +Profit

=> 480 = x + x/5

=> 480 = 6x/5

=> 6x = 480*5

=> x = 480*5/6

=> x = 80*5

=> x = 400

Cost Price of toy car = Rs 400

Hope it HELPED you...