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 Rs.55 more, He would have made a profit of 40%. The C.P of the article is Rs._____.
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cp-Cost price and sp-Selling price
cp=100%
sp=90% of cp
new cp=80% of cp
new sp=90% of cp +55=140%(80% of cp)
take cp as x
(90x/100) +55=140/100*(80x/100)
solving this =>x=cp=Rs.250
cp=100%
sp=90% of cp
new cp=80% of cp
new sp=90% of cp +55=140%(80% of cp)
take cp as x
(90x/100) +55=140/100*(80x/100)
solving this =>x=cp=Rs.250
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