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Profit earned by selling an article for Ra 1060 is 20 percent more than the loss incurred by selling the article for Rs 950 At what price should be article be sold to earn 20 percent profit?
Wiki User
∙ 9y ago
Profit = 20% of loss
ð 1060 - C.P. = 120/100 (C.P. - 950)
ð C.P. = 1000
ð S.P. = 120/100 x 1000
ð 1200 ans.
Wiki User
∙ 9y ago
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How do you find cost price if profit percent and selling price is given?
find cost price if selling price =600 and profit=20%
What is profit and loss in mathematics?
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Find the selling price of an article costing rs.30that was sold at a profit of 15 percent of the cost price?
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How do you find cost price if profit percent and selling price is given?
find cost price if selling price =600 and profit=20%
What is profit and loss in mathematics?
Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss
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What is the definition of profit and loss in mathematics?
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A percent of the cost of an item added onto the item's cost?
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