A man sold an article at a loss of 20%. If he had sold that article for 12 more he would have gained 10%. Find the cost price
of that article :
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GIVEN :-
- A man solds article at loss of 20%.
- If he had sold that article for 12 more , he would have gained 10%.
TO FIND :-
- Cost price of the article.
SOLUTION :-
Let the cost of article be 'x'.
Man solds as 20% loss.
Selling price = x - [20% of x]
Also ,
If he had sold the article for 12 more , he would have gained 10%.
→ x - [20% of x] + 12 = x + [10% of x]
→ x - (20x/100) + 12 = x + (10x/100)
→ x - (x/5) + 12 = x + (x/10)
→ x - (x/5) - x - (x/10) = -12
→ -(x/5) - (x/10) = -12
→ -3x/10 = -12
→ -3x = -120
→ x = 40 Rs
Hence , cost of article is 40Rs.
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