man buys a article with 20% discount on original price.he makes a profit of 20% by selling it at rs 720.what is original price of article?
Cost = 0.8P.
0.8P + 0.2*(0.8P) = 720.
P = $750 = Original price.
90.8P = 720.
0.8P + 0.16P = 720,
P = $750. = Original price.
To find the original price of the article, we need to use a series of calculations.
Let's assume that the original price of the article is 'x'. Since the man buys it with a 20% discount, he pays 80% of the original price. So, the amount he pays is 0.8x.
Next, we know that he sells the article and makes a profit of 20%. Therefore, he sells the article for 120% of the amount he paid. So, the selling price is 1.2 * 0.8x, which is equal to 0.96x.
We are given that he sells the article for Rs 720, so we can set up the following equation to find 'x':
0.96x = 720
To solve for 'x', we divide both sides of the equation by 0.96:
x = 720 / 0.96
Using a calculator, we can find that x is equal to 750.
Therefore, the original price of the article was Rs 750.