Question

a man sold an article at a profit of 10% has he bought it at 20% less and sold it for ₹10 more he would have earned a profit of 40% find the cost price of the article please solve it with proper steps

Answer 1

Answer:

500

Step-by-step explanation:

Let the cost price = 'x'.

Then, Selling price = (110x)/100 = 11x/10.

Given that he bought it at 20% less.

So, Cost price = 80% of x = (80x/100) = 4x/5.

Given, gain = 40%.

New, Selling price = 140% of (4x/5)

                               = (140/100) * (4x/5)

                               = 112x/100

Difference in selling price = (11x/10) - (112x/100) = -10

⇒ (-x/50) = -10

⇒ -x = -500

⇒ x = 500.

Therefore, cost price of the article is 500.

Hope it helps