a man sells an article at a gain of 15 percent had he bought it at 10 percent loss and sold it for 4 rs less , he would have gained 25 percent the cost price of the article is..
Answers
Step-by-step explanation:
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Given:
A man sells an article at a gain of 15 percent had he bought it at 10 percent loss and sold it for Rs. 4 less, he would have gained 25 percent
To Find :
The cost price of the article
Solution:
Let the cost price of the article = x
selling price at a profit of 15% =
=
Cost price at 10% loss =
=
gain = 25%
+ × = - 4
0.9 x+ 0.225 x + 4 =
1.125x+4 =
100(1.125x+4) = 115x
112.5x+ 400 = 115x
115x- 112.5 x = 400
2.5x = 400
To eliminate the decimal we multiply by 10, we get
25 x = 400
x = 160
Therefore, The cost price of the article is Rs.160