A man had a loss of ₹88 by selling an article for ₹2112. Find his percentage
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Step-by-step explanation:
Let when article was sold for Rs. 88 the loss was Rs. x
∴CP=SP+Loss
CP=88+x ----- (i)
Also,When SP=112
Profit=3×loss
Profit=3x ------ (ii)
Also,Profit + CP =SP
3x+88+x=112 [ from eq (i) and (ii) ]
4x=24
x=6
∴ CP of the article =88+6=94
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