Question

Ramu sold a plot of land for $Rs.2,40,000$ gaining $20\%.$ For how much did he purchase the plot ?

Answer 1

$SP=2,40,000$

gain % $=20$%

Let $CP=x$

$SP=x+\frac{20x}{100}=\frac{120x}{100}$

$x=\frac{240000}{120}\times 100$

$x=2,00,000$