Question

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for rs55 more, he would have had a profit of 40%. The C.P. of the article is:

Answer 1

Answer:

Let the cost price be Rs.x

S.P. = 90% of x = 90100x=9x1090100x=9x10

New C.P. = 80% of x = Rs.Rs.4x5Rs.4x5

New gain 40%

New S.P. = 140% of 4x5=Rs.2825x4x5=Rs.2825x

2825x−9x10=552825x−9x10=55

280x−225x=55×250280x−225x=55×250

55x=55×25055x=55×250

Therefore, x = 250

Cost price. of the article = Rs.250

Step-by-step explanation:

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