Question

A man sold toaster at a profit of 10%. Had he purchased for 5% less and sold it for Rs 56 more, he could have gained 25%. For how much did he buy it​

Answer 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

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