Question

A man bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it
for Rs. 10 more, he would have made profit of 40%. Find the C. P. of the article

Answer 1

Answer:

Let ‘x’ be the cost price of the article.

Then selling price = x * 110/100 = 1.1x

If he had bought for 20% less, then cost price = 0.8x

With 40% profit, selling price will be = 0.8x * 140/100 = 1.12x

Hence we have, 1.12x - 1.10x = 10

0.02x = 10

x = 10/.02 = ₹500

CP = Rs500

Answer 2

Answer:

100 rupees

Step-by-step explanation:

x = 100 (I guessed lol)

man sold at 10 percent gain = 110% = 110 rupees

if he bought it 20% less and sell 10 rupees more meaning 140% = 40% gain.