Question

10. By selling a pen for 195, a man loses one-sixteenth of what it costs him. Find (i) the cost price
sold at a gain of 10%. Had it been sold for 99 more, the gain would have been 12%​

Answer 1

Answer:

Let CP of pen be 'x'

ATP :

x-x/16 = 195

15x/16=195

x/16 = 13

x = 16×13

x = 208

(i)

10% of 208 = 10/100×208 = 20.8

SP should be = 200+20.8 = 220.8

(ii)

99 More in CP = 208+99 = 307

12% of gain = (12/100×208)+208 = 232.96

Hence they are not same so 99 More won't make 12% gain