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 a gained 25% for how much did he buy it
Answers
Answered by
1
Answer:
Rs. 640
Step-by-step explanation:
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 for
Let say Toaster Cost Price = Rs C
man sold a toaster at a profit of 10%.
=> Selling Price = C + (10/100)C = 1.1C
Had he purchased it for 5% Less
=> Cost Price = C - (5/100)C = 0.95C
sold it for ₹ 56 more
=> Selling Price = 1.1C + 56
he could have gained 25%
=> Selling Price = 0.95C + (25/100)0.95C = 1.25 * 0.95C
Equating both selling Price
=> 1.25 * 0.95C = 1.1C + 56
=> 0.0875C = 56
=> C = 640
Cost Price = Rs 640
He bought it for Rs 640
Similar questions