Question

By selling a TV for Rs. $24,000$ a shopkeeper makes a profit of $20\%$, find the CP of the T.V.

Answer 1

Let the OP(loss+price) of the T.V be x.

Profit $\%=20\%$

Profit $=\frac{20}{100}x=\frac{x}{5}$

SP$=$CP$+$Profit

Rs. $24,000=x+\frac{x}{5}$

$\frac{x+x}{5}=$Rs. $24,000$

$\frac{6x}{5}=24,000$

$x=\frac{24000\times 5}{6}$

$x=$Rs. $20,000$

C.P of the T.V is Rs. $20,000$.