A person bought an article and sold it at a loss of 10%. If he had bought it for 15% less and sold it for rupees 58 more, he would have had profit of 40% find the cost price of the article ?
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Let the cost price be Rs.x
S.P. = 90% of x = 90/100x=9x/10
New C.P. = 80% of x = Rs.Rs.4x/5
New gain 40%
New S.P. = 140% of 4x/5=Rs.28/25x
28/25x−9x/10=55
280x−225x=55×250
55x=55×250
Therefore, x = 250
Cost price. of the article = Rs.250
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