Question

A man had a loss of ₹88 by selling an article for ₹2112. Find his percentage

Answer 1

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