a CD player was sold at a profit of 10% had it been sold for rupees 25 more the profit would have been 12% find the cost price of the CD player?
Answers
S.P. of CD at 10℅ profit =(100+10)/100×x
110/100x
SP of CD at 12℅profit = (100+12)/100×x
=112/100x
A/Q 112/100x -110/100x = 25
=>(112-110)/100x =25
=> 2x=25
=> x =12.5
Given,
A CD player was sold at a profit of 10%.
If the CD is sold at Rs 25 more, then profit percentage = 12%
To find,
The cost price of the CD player.
Solution,
We can simply solve this mathematical problem using the following process:
Let us assume that the cost price of the CD player is x rupees.
Mathematically,
Selling price = cost price + profit amount
Profit percentage = profit/cost price × 100
{Equation-1}
Now, according to the question;
The selling price when the CD is sold at 12% profit
The selling price when the CD is sold at 12% profit - the selling price when the CD is sold at 10% profit = Rs 25
=> 2% of the profit on the cost price of the CD = Rs 25
=> 2/100 × cost price = Rs. 25
(according to the equation-1)
=> 2/100 × x = 25
=> x = 50 × 25
=> x = Rs. 1250
Hence, the total cost price of the CD is equal to 1250 rupees.