Question

a man sells an article at a gain of 50% . if he had sold it at 63 rupees less , he would have lost 20% . find the cost of articles.

Answer 1

Answer:

Cost Price = Rs.90

Step-by-step explanation:

Let the cost price of the article be Rs.x

As he made a profit of 50%, Selling Price = 1.5x

Had he sold at Rs 63 less the new selling price would be 1.5x - 63

This will end up in a loss of 20%, so the new selling price will be x - 20%x = 0.8x

Hence, 1.5x - 63 = 0.8x

0.7x = 63

x = 90

Answer 2

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