Question

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

Answer 1

Step-by-step explanation:

Let C.P of coat =

$x$

At 5% gain S.P of coat =

$x + \frac{5}{100} x$

At 5% loss S.P of coat =

$x - \frac{5}{100} = 95x$

Given that :-

$1.05x - 0.95x = 1650$

$0.1x =1650$

$x = \frac{1650}{0.1}$