Question

a lady sells an article at gain of 5% . if she had sold it at 63 rs less, she would have lost 2%.find out the cost price of the article?

Answer 1

Answer:

Rs.900

Explanation:

Let the cost price be x.

Gain = 5%

=> Selling price = 105% of x = 105/100 x

According to Question,

105/100 x - 63 = 98/100 x

105/100 x - 98/100 x = 63

7/100 x = 63

x = 900

Hence, the cost price of the article is Rs.900.