Question

a man sells an article at 5% above it's cost price.If he had bought it at 5% less then what he paid for it and sold it for rupees 2 less he would have gained 10%.Find the cost price

Answer 1

let x be the cost price.
sale price=1.05x
As per problem .95x11/10=1.05x-2
                       ⇒10.45x=10.5x-20
                       ⇒0.05x=20
                       ⇒x=400
Cost price is Rs 400