Question

A man sells an article at 10% above its cost price. If he had bought it at 15% less than what he paid for it and sold it for ` 33 less, he would have gained 10%. Find the cost price of the article.​

Answer 1

Answer:

Let the cost price of the article be 100 unit

So, SP of the article = 100 × 110/100 = 110 unit

If he had bought it at 10% less, then new CP of the article = 100 × 90/100 = 90 unit

If he had paid for the article Rs. 11 less, he would have gained 10%

According to the question

⇒ (90 × 110/100) unit = 110 unit – 11

⇒ (110 – 99) unit = 11

⇒ 11 unit = 11

⇒ 100 unit = 100

∴ Cost price of the article Rs. 100