1.

Steve Sells an article for 1200 Rs And he makes a profit of 20% in the Transaction. So What is the Cost price?

Answer»

RS. 1000



We take CP = x

Now If i sell an article at 20% profit then what will be our SP in terms of x ?

simple 1.2x [ Because is told you percentage to DECIMAL conersion So 20% here is NOTHING but 0.2x and total SP will be x+ 0.2x = 1.2x remember add in case of profit and subtract in case of loss]

Given, he SOLD the article at 1200 Rs

So 1.2x = 1200 Rs 

So x = 1000 Rs



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