Question

a person sells a goods 14% on cost. If he dearease cost price and seling price by 117 then the to profit increased by 9%, Calculate
cost price of the goods.​

Answer 1

*Answer*-

Let cost price be x

SP =x+14% of x=x+

100

14x

=1.14x

If CP and SP were Rs. 132 less, the profit would be (14+12)%

New, CP =(x−132)

SP =1.14x−132

SP − CP =26% of (x−132)

1.14x−132−x+132=

100

26×(x−132)

0.14x×100=26x−3432

14x−26x=−3432

12x=3432

x=286

So, CP was Rs. 286.

Hope, the answer is helpful.