Question

An article is sold for $Rs600$ at a loss of $20\%$. Find the cost price of the article.

Answer 1

The selling price of an article is given as $Rs600$ with the loss percent as $20\%$. Then the cost price of the article is,

$C.P.=\frac{100}{100-loss\%}\times S.P.$

$=\frac{100}{100-20}\times 600$

$=\frac{100}{80}\times 600$

$=Rs750$