Question

A man sells an article at 5% above its cost price. If he had bought it at 5% lessthat what he paid for it and sold it at Rs 2 less, he would have gained 10%. Find the cost price of the article.

Answer 1

Let the C.P =x

Then S.P =$\frac{105x}{100}$

If new S.P = $\frac{95x}{100}$

Then S.P =$\frac{105x-200}{100}$

Profit =10% of $\frac{95x}{100}$=$\frac{95x}{1000}$

Then according to the question

$\frac{95x}{1000}$=$\frac{105x-200}{100}$ - $\frac{95x}{100}$

$\frac{95x}{1000}$ = $\frac{105x-200-95x}{100}$

$\frac{95x}{10}$ =10x - 200

95x = 10(10x - 200 )

95x = 100x-2000

-5x = -2000

x = 400

Then S.P = ₹400

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Answer 2

Answer:

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