Question

A loss of 20% gets convert into a profit of 15% when the sp of an article is increased by 70 find cp

Answer 1

Answer:

The cost price is 200

Step-by-step explanation:

Let C be the cost price.

The selling price that gives a 20% loss is:

80% of C = 0.8 C

The selling price that gives a 15% profit is:

115% of C = 1.15 C

We are given that the second selling price is 70 more than the first, so:

1.15 C = 0.8 C + 70

=> 0.35 C = 70

=> C = 70 / 0.35

=> C = 200