Question
A shop keeper sells a wardrobe for ₹12,000 making a
profit of 20% What is the cost price of the wardrobe?Solution
ATQ, given S.P = Rs.12,000 Profit = 20% = (20/100) = (1/5) let 1 unit be taken as profit, 5 unit be can taken as C.P therefore, S.P will be = 5 unit + 1 unit = 6 unit S.P = 6 unit = 12,000 given 1 unit = 2,000 so 5 unit value = 2,000 × 5 = Rs.10,000 Therefore, C.P will be = Rs.10,000
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