Question
Download Solution PDFThe difference between the cost price and the selling price of an article is Rs. 1,800. If there is a profit of 20%, then the cost price of the article is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The difference between the cost price and the selling price of an article is Rs. 1,800.
Profit percentage = 20%
Formula Used:
Profit = Selling Price - Cost Price
Profit Percentage = (Profit / Cost Price) × 100
Calculation:
Let the Cost Price (CP) be Rs. x.
Given Profit = Rs. 1,800
Profit Percentage = 20%
Profit = (Profit Percentage / 100) × Cost Price
⇒ 1,800 = (20 / 100) × x
⇒ 1,800 = (1/5) × x
⇒ x = 1,800 × 5
⇒ x = 9,000
The cost price of the article is Rs. 9,000.
Last updated on Jul 10, 2025
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