a man sells an article at a gain of 10%. if he had bought it for 10% less and sold it for $10 more, he would have gained 25%. Find the cost price of the article.
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Answered by
41
Let the cost price be x
Therefore, selling price = y = 1.1x
According to the question ,
y + 10 = 1.25( 0.9x )
1.1x + 10 = 1.125x
0.025x = 10
x = 400
Therefore, cost price of the article = 400 $
Therefore, selling price = y = 1.1x
According to the question ,
y + 10 = 1.25( 0.9x )
1.1x + 10 = 1.125x
0.025x = 10
x = 400
Therefore, cost price of the article = 400 $
Answered by
5
400 is the answer for this equation
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