A man sells an article at a profit of 20%.if he had bought in at 20% less and sold for ₹.5 less , he would have gained 25%.Find the cost price of the article.
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Let CP = Rs. 100
SP = 100+20 = Rs. 120
Second CP = 100-20 = Rs. 80
Gain = 25%
Therefore Second SP = 80*1.25 = Rs 100
Diff. of SP = 120-100 = 20
if the diff. is Rs. 20 for CP = 100
therefore if diff. is Rs. 5 than
CP 100/20 X 5 = 25
Hence CP of the article is Rs. 25
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