A man sold an article at a loss of 10%. Had he sold the same article for Rs 90 more, he would have got a profit of 12 1/2 percent. Find the cost price of the article.
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Let the cost price of the article be CP. And selling price be SP.
Case 1: Profit%= 10%
SP= CP+ (10/100)*CP = 11CP/10.
Case 2: Now if she had sold it for RS.45 more, profit% given is 25%.
SP+45= CP + (25/100)*CP
SP + 45= 5CP/4
Substitute SP = 11 CP/10 in the above equation.
You get CP = RS. 300
So the price of the article is RS. 300.
Case 1: Profit%= 10%
SP= CP+ (10/100)*CP = 11CP/10.
Case 2: Now if she had sold it for RS.45 more, profit% given is 25%.
SP+45= CP + (25/100)*CP
SP + 45= 5CP/4
Substitute SP = 11 CP/10 in the above equation.
You get CP = RS. 300
So the price of the article is RS. 300.
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