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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?
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Answer Posted / sv
CP - Cost Price
SP - Selling Price
1st eqn
CP + 0.25CP = SP
2nd eqn
CP - 0.20CP - 10.50 + 0.30(CP - 0.20CP - 10.50) = SP
from above 2 eqn
0.21CP=7.35
CP = 35
Cost Price is Rs 35.
| Is This Answer Correct ? | 8 Yes | 26 No |
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