Question

1. An article is sold for 500 and hence a loss
e incurred. Had the article been sold for
700, the shopkeeper would have gained
three times the former loss. What is the
cost price of the article?

With explation please​

Answer 1

List price (marked price) of an article = Rs 800 Discount percentage = 15 % Discount = 15 % of 800 = 15/100 x 800 = Rs 120

Selling price of the article = List price - Discount =

800 - 120 = Rs 680

Profit = 40/3 %

Cost price = Selling price x (100) / (100 + g) = 680 x (100) / (100 + 40/3) = 680 x (300) / (340) = 600 The cost price of the article = Rs 600.

Answer 2

Step-by-step explanation:

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