If you buy a TV set at the current price, you will get a profit of 960 yuan. If you sell it at a 20% discount, you will lose 832 yuan. What is the cost price of the product

Method 1: suppose the purchase price of a commodity is x yuan, then the price is (x + 960) yuan
(x+960)*80%=x-832
x=8000
Method 2: set the price of goods as X, then the purchase price is x-960
80%*X=X-960-832
X=8960
The price is 8960 yuan, and the purchase price is 8960-960 = 8000 yuan
The purchase price is 8000 yuan

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