20 percent more can gained if a piece of cloth is sold for rs 83 instead of rs 78,find the cost price of piece of cloth
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Answer:
Step-by-step explanation:
Let cost price of the cloth C.P.=RsC
For the first case,
Profit % =
C.P
S.P.1−C.P.
×100=
C
78−C
×100
For the second case,
Profit % =
C.P
S.P.2−C.P.
×100=
C
83−C
×100
Given, Profit % in second case − Profit % in second case =20 %
So,
C
83−C
×100−
C
78−C
×100=20 %
−>
C
83−C−78+C
×100−20
=>C=Rs25
Hence, cost price of the cloth =Rs25
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