Question

A coat was sold by a shopkeeper at a gain of 5%. If it had been sold fir ₹ 1650 less ,he would have suffered a loss of 5% . find the cost price​

Answer 1

Answer:

let cp of the article = x

at 5% gain sp of article = x + (5/100)x = 1.05x

at 5% loss sp of article = x - (5/100)x = 0.95x

given that 1.05x - 0.95x = 1650

⇔0.1x = 1650

⇔ x = 1650/0.1

⇔x = Rs. 16500