Question

A person sells a table at a profit of 10% .If he had bought it at 5% less cost and sold for ₹80 more,he would have gained 20% .Find the cost price of the table​

Answer 1

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Let the CP1 of Table = 100x

Initial SP1 = 100x + 10% of 100x

=>100x + 10x = 110x

Now, If He brought table at 5% discount. Therefore CP2 = 95x

Now SP2 = 95x + 20% of 95x

=>95x + 17x =114x

According to question:-

SP2 - SP1 = 80

⇒ 114x - 110x = 80

⇒ 4x = 80

⇒ x = 20

Initial Cost of table = 100 × 20 = Rs. 2000

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