Question

A Bag sells at a profit of 20%. If the cost price of
the bag is reduced by Rs. 350 and the selling price
is reduced by Rs. 400, then the gain increases
by 2%. What is the original cost price?​

Answer 1

Answer:

Let CP =x=x, so S.P =1.2x

When CP is Rs. 100 less,

CP=x−100

SP=1.2x−100

Now,

1.2x−100=1.24×(x−100)

On solving , we get

x=600

CP=Rs.600

Step-by-step explanation:

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