Question

a coat was sold by a shopkeeper at a gain of 5%.If it had been sold for rs.1650 less, he would have suffred a loss of 5%. find the cost price

Answer 1

10 % = 1650
1% = 1650/10
(CP)100% = 1650/10× 100= Rs 16500 will be the answer

Answer 2

Solution :

SP at 5% profit = 1.05 * (CP)

if sold at 1650 less = 1.05 * (CP) - 1650

given that he would have suffered loss of 5% if sold at this price so,

1.05 * (CP) - 1650 = 0.95 (CP)

0.1 * (CP) = 1650

CP = 16500

Hope that helps !!!

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