A man sold a book at a loss of 20 percent if he had sold the book for 12 more,he would have gained 10 percent find the cost price of book
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Given,
The man sold the book at a loss of 20% if he had sold the book for ₹ 12 more, he would have gained 10%.
To find,
The cost price of the book.
Solution,
Let the Cost Price be ₹ x.
So, selling price at 20% loss
= x - (20% of x) = x - 20x/100 = 80x/100
And, selling price at 10% profit
= x + (10% of x) = x + 10x/100 = 110x/100
According to condition,
110x/100 - 80x/100 = 12
or, (110-80)x/100 = 12
or, 30x/100 = 12
or, 30x = 12×100
or, 30x = 1200
or, x = 1200/30
or, x = 40
So,
Cost price = ₹ 40
Hence,
The cost price of book is ₹ 40.
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