a man sells an article at 12.5% loss had he sold it for 10 3.60 more he could have gained 6% what is the CP of the article
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Answer: Rs 560/-
Step-by-step explanation:
Let the cost price of the article be x
Selling price of the article at 12.5% loss = x-12.5% = 87.50x/100
If he had sold at 103.60 more he would have gained 6%
Selling price = Cost price + gain
∴ 103.6+ 87.5x/100 = x + 6x/100
∴ 10360+87.5x = 100x + 6x
∴ 10360 = 18.5x
∴ x = 10360/18.5
∴ x = 560
The cost price of the article is Rs 560/-
Hope this helps.
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