Question

A man buys an article and sells it at a profit of 15%. If he had bought it at 10% less and sold it for ₹65 less, he would have gained 20%. Find the cost price of the article.

Answer 1

Answer:

160

Step-by-step explanation:

Let the Cost Price of the article be= C

So Sale Price = 1.15 C

Now

New Cost Price= 0.9C

New Sale Price= 1.15C -4

So Profit %= (S.P-C.P)/C.P x 100= 25

So (1.15C-4)-(0.9C)/0.9Cx 100= 25

So (0.25C- 4)x100 = 25 x 0.9C

So2.5C= 400 (or)

C = 400/2.5= Rs 160.00

Therefore the Cost Price of the article =Rs 160

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