Question

16. A dealer sells a toy at a loss of 4%. If he had sold it for 180 more, he would have made
profit of 16%. Find the cost price of the toy.
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Answer 1

Let, the cost price of toy be Rs. 100x

Selling Price when he sells at loss of 4% = 100x×(100-4)/100 = 100-4 = Rs. 96x

And Selling Price when he sells at profit of 16% = 100x×(100+16)/100 = 100+16 = Rs. 116x

Now, ATQ : 116x - 96x = 180

=> 20x = 180

=> x = 9

Cost price of toy = 100x = 100 × 9 = Rs. 900

So, the cost price of toy will be Rs. 900 ✔✔

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