Question

What is the cost price of an article which when sold at Rs 10260 gives a profit of 20%?

Answer 1

CP: Rs 10260

Profit: 20%

Solution: 20% off 10260 is equal to (20 x 20) / 100 = 2052. So if you buy an item at $10260 with 20% discounts, you will pay $8208 and get 2052 cashback rewards

Answer 2

8208 Rs

Explanation:

Rs: 10260

Profit 20%

10260 * 0.20 * 100% = 2052 Rs

10260 Rs - 2052 Rs = cost of product to be produced