By selling a book for Rs. 360,20% profit was | vedclass

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(A) Given: Selling Price $(SP)$ = $Rs. 360$ and Profit percentage = $20\%$.The formula for profit percentage is: $	ext{Profit}\% = \left[\frac{SP - C

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$300$

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(A) Given: Selling Price $(SP)$ = $Rs. 360$ and Profit percentage = $20\%$.The formula for profit percentage is: $	ext{Profit}\% = \left[\frac{SP - CP}{CP}ight] 	imes 100$.Substituting the values: $20 = \left[\frac{360 - CP}{CP}ight] 	imes 100$.Dividing both sides by $100$: $0.2 = \frac{360 - CP}{CP}$.Multiplying by $CP$: $0.2 	imes CP = 360 - CP$.Adding $CP$ to both sides: $1.2 	imes CP = 360$.Solving for $CP$: $CP = \frac{360}{1.2} = 300$.Therefore,the Cost Price $(CP)$ of the book is $Rs. 300$.

By selling a book for $Rs. 360$,$20\%$ profit was earned. What is the $CP$ of the book in $Rs.$?

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