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

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

A). Rs. 1000

B). Rs. 2000

C). Rs. 3000

D). Rs. 4000

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Guest · Answer 1 · 2021-07-12 04:09:10

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

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

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