A man sells an article at a profit of 25%. if he had bought
it at 20% less and sold it for Rs.10.50 less., he would
have gained 30%. Find the cost price of the article?

Answer Posted / techbots

buy value = X
profit = 0.25X
sell value =1.25X

20% less = X-0.2X=0.8X (new buy value)
1.25X-10.5 = new sell value

so (1.25X-10.5-0.8X)/0.8X = 30/100

so 45X-1050 = 24X

so 21X=1050

X = 50

so buy value = X=50

Is This Answer Correct ?    90 Yes 22 No



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