Question

By selling an article for $ 500, a gain of 20% is made.
What was the original price?​

Answer 1

2500

Explanation:

1. 500÷20 =25
2. 25×100=2500

Or

1. 100%÷20%= 5
2. 5 × 500 =2500

20%=500

40%=1000

60%=1500

80%=2000

100%=2500

Answer 2

$416.7

Explanation:

Let suppose 'x' to be the original price,

Selling price= $ 500

% gain= 20%

Gain= 20x/100=0.2x

Selling Price= Original Price + Gain

500= x+ 0.2x

x= $416.7