Question

A man sells an article at 10% profit. If he had
bought it at 15% less and had sold it for 18
less, he would have gained 20%, the cost price
of the article is:

Answer 1

Answer:

Cost Price = 225

Step-by-step explanation:

From first condition,

SP-CP = 10/100 CP

Therefore,SP=110/100 CP

From second condition,

(SP-18) - 85/100 CP = 20 /100 of 85/100 CP

as SP = 110/100 CP

(110/100 CP -18) - 85/100 CP = 20/100 of 85/100 CP

On solving above equation,we get

CP = 225.