Sure, let's solve this step by step:

Step 1: We know that profit is 20% of the selling price. Let's denote the selling price as 'SP'. So, Profit = 20% of SP.

Step 2: We also know that Profit = Selling Price - Cost Price. The cost price given is Rs. 32. So, we can write the equation as 20% of SP = SP - 32.

Step 3: To solve for SP, we can rearrange the equation. First, let's convert 20% to a decimal, which is 0.2. So, the equation becomes 0.2SP = SP - 32.

Step 4: We can then move the terms involving SP to one side of the equation, which gives us SP - 0.2SP = 32.

Step 5: Simplifying the left side gives us 0.8SP = 32.

Step 6: Finally, we can solve for SP by dividing both sides of the equation by 0.8. This gives us SP = 32 / 0.8 = Rs. 40.

So, the selling price of the article is Rs. 40.

Question

Sure, let's solve this step by step:

Step 1: We know that profit is 20% of the selling price. Let's denote the selling price as 'SP'. So, Profit = 20% of SP.

Step 2: We also know that Profit = Selling Price - Cost Price. The cost price given is Rs. 32. So, we can write the equation as 20% of SP = SP - 32.

Step 3: To solve for SP, we can rearrange the equation. First, let's convert 20% to a decimal, which is 0.2. So, the equation becomes 0.2SP = SP - 32.

Step 4: We can then move the terms involving SP to one side of the equation, which gives us SP - 0.2SP = 32.

Step 5: Simplifying the left side gives us 0.8SP = 32.

Step 6: Finally, we can solve for SP by dividing both sides of the equation by 0.8. This gives us SP = 32 / 0.8 = Rs. 40.

So, the selling price of the article is Rs. 40.

Knowee AI · Accepted Answer

Sure, let's solve this step by step:

Step 1: We know that profit is 20% of the selling price. Let's denote the selling price as 'SP'. So, Profit = 20% of SP.

Step 2: We also know that Profit = Selling Price - Cost Price. The cost price given is Rs. 32. So, we can write the equation as 20% of SP = SP - 32.

Step 3: To solve for SP, we can rearrange the equation. First, let's convert 20% to a decimal, which is 0.2. So, the equation becomes 0.2SP = SP - 32.

Step 4: We can then move the terms involving SP to one side of the equation, which gives us SP - 0.2SP = 32.

Step 5: Simplifying the left side gives us 0.8SP = 32.

Step 6: Finally, we can solve for SP by dividing both sides of the equation by 0.8. This gives us SP = 32 / 0.8 = Rs. 40.

So, the selling price of the article is Rs. 40.

If the profit is 20% of selling price and cost price of an article is Rs. 32. Find the selling price ?

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