Question

20% of profit on amounts d If an item price of the item. the cost price of to Rs. 4.00, find the cost price of the item.​

Answer 1

Let the cost price of the item be x rupees.

If the cost price of the item is Rs. x, then a 20% profit on this cost price is given as:

20% of x = 0.20 * x

The selling price of the item, including a 20% profit, would be the cost price plus the profit:

Selling price = Cost price + Profit

Selling price = x + 0.20x

Selling price = 1.20x

According to the problem, the selling price is Rs. 4.00.

So, 1.20x = Rs. 4.00

To find the cost price (x):

x = Rs. 4.00 / 1.20

x = Rs. 3.33 (approximately)

Therefore, the cost price of the item is approximately Rs. 3.33.

Explanation: