Question

a man without an article and sold it at a gain of 10% If he had bought it at 20% less and sold it for rupees 10 more he will have made a profit of 40% fine CP of an article​

Answer 1

Let ‘x’ be the cost price of the article.

Then selling price = x * 110/100 = 1.1x

If he had bought for 20% less, then cost price = 0.8x

With 40% profit, selling price will be = 0.8x * 140/100 = 1.12x

Hence we have, 1.12x - 1.10x = 10

0.02x = 10

x = 10/.02 = ₹500

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