a man sold a toaster at a profit of 10%. had he purchased it for 5% less and sold it for ₹56 more,he could have gained 25%.for how much did he buy it
please someone solve this problem step by step method and write properly and I will mark the answer brainliest
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Answered by
24
Step-by-step explanation:
Let the cost price (CP) of the toaster be Rs. x
Case 1:-
Profit % = 10%
Case 2:-
If cost price is 5% less
New CP = x - 5% of x =
He still gained 25%
Given,if he purchased it for 5% less and sold it for ₹56 more,he could have gained 25%.
So, the difference in SP is Rs.56
∴ Cost price of the toaster = Rs.640
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