Question

a loss of 19% on abelt gets converted into profit of 17%. when changing the selling price is increased by 162rs. what is the cost price of belT?

Answer 1

Answer:

Cost price = (162*100)/36 or 450 Rs.

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Step-by-step explanation:

Instead of facing a loss of 19% , he made a profit of 17% when he increased the selling price of the article by Rs.162

So we can clearly see that Rs.162 is a difference between two selling price of the article

Let the cost price of the article 100%

Selling price = cost price - % Loss

First he sold the article at loss of 19% so first selling price will be (100–19)= 81%

Selling price = cost price + % Profit

Second time he sold the article at a profit of 17% so second selling price will be (100+17)= 117%

Given :- SP2 - SP1 = 162

(117 - 81)% = 162

36% = 162

To find cost price we can find 100% of this

Cost price = (162*100)/36 or 450 Rs.