Question

A bag was sold for a loss of 10 %. If it was sold for $45 more then the seller would have gained a profit of 5 %. What was the cost price of the bag

Answer 1

Answer:

THE COST PRICE OF THE BAG IS $300

Step-by-step explanation:

let the CP be 100,with 10% loss

hence the CP will be 90(100-10).

if SP is 100,with profit of 5%

hence the SP is 105(100+5).

so, the difference is 15.but it is given as 45,hence 15 to 45 gives 1 unit =3 units

hence CP is 100*3=300.