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A shopkeeper sells an article for Rs. 800, making a profit of 20%. What was the cost price of the article? (2020)

Practice Questions

1 question
Q1
A shopkeeper sells an article for Rs. 800, making a profit of 20%. What was the cost price of the article? (2020)
  1. Rs. 600
  2. Rs. 640
  3. Rs. 500
  4. Rs. 700

Questions & Step-by-step Solutions

1 item
Q
Q: A shopkeeper sells an article for Rs. 800, making a profit of 20%. What was the cost price of the article? (2020)
Solution: Let CP = x. Then, 800 = x + 0.20x = 1.20x. Therefore, x = 800 / 1.20 = 666.67.
Steps: 0

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