Question

0.
A dealer makes a profit of 20% on selling an article. If the cost price is increased by 10% and the
selling price is increased by 15%, the profit is Rs.560. What is the initial cost price of the article?​

Answer 1

Answer:

2000 rupees

Step-by-step explanation:

Let's say C.P = x

S.P = x+0.2 = 1.2x

C.P increased by 10%, = x*110/100 = 1.1x

S.P increased by 15% = 1.2x*115/100 = 1.38x

PROFIT = S.P - C.P

= 1.38x-1.1x

= 0.28x

and profit given In problem, 560

Therefore, 0.28x = 560

x = 560/0.28

x = 2000

So, Initial Cost price is 2000 rupees

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