Question

A bag was sold at a loss of 10%. if it was sold for rs.140 more, there would have been a gain of 4%. what is the cost price

Answer 1

Let cost price of Goods is 100.so selling price of Goods is= 100-10=90. If sold at 104 then profit is140.so (104% - 90%)= 140therefore 100%= 1000. cost price of Goods is 1000.