Question

A dealer sells an article for Rs 24 and gains as much percent as the cost price of the article. Find the Cost price of the article.

Answer 1

It is given that S.P. = Rs.24.

Let the C.P. be Rs.x

It is given that Gain

Now, Gain = S.P – C.P

Since the C.P. cannot be negative, x = 20

Hence, the cost price of the article is.