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By selling an article for Rs 432, a shop...

By selling an article for Rs 432, a shopkeeper gains `20%`. Find the price of the article.

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To find the cost price of the article sold by the shopkeeper, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Selling Price (SP) and Gain Percentage**: - Selling Price (SP) = Rs 432 - Gain Percentage = 20% 2. **Understand the Relationship Between Selling Price, Cost Price (CP), and Profit**: - The formula for profit in terms of cost price is: \[ \text{Profit} = \text{SP} - \text{CP} \] 3. **Express Profit in Terms of Cost Price**: - Since the gain percentage is given as 20%, we can express profit as: \[ \text{Profit} = \frac{20}{100} \times \text{CP} = \frac{1}{5} \times \text{CP} \] 4. **Set Up the Equation**: - From the profit formula, we can substitute the profit into the equation: \[ \text{SP} = \text{CP} + \text{Profit} \] - Substituting the values we have: \[ 432 = \text{CP} + \frac{1}{5} \times \text{CP} \] 5. **Combine Like Terms**: - Rewrite the equation: \[ 432 = \text{CP} + \frac{1}{5} \text{CP} = \frac{5}{5} \text{CP} + \frac{1}{5} \text{CP} = \frac{6}{5} \text{CP} \] 6. **Solve for Cost Price (CP)**: - Rearranging the equation gives: \[ 432 = \frac{6}{5} \text{CP} \] - To isolate CP, multiply both sides by \( \frac{5}{6} \): \[ \text{CP} = 432 \times \frac{5}{6} \] 7. **Calculate the Value**: - First, divide 432 by 6: \[ 432 \div 6 = 72 \] - Then multiply by 5: \[ 72 \times 5 = 360 \] 8. **Final Answer**: - Therefore, the cost price (CP) of the article is Rs 360. ### Summary: The cost price of the article is Rs 360.
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