Question

A person sells an article at a profit of 20%.If he buys it at 20%less and sells it for Rs 40more,he will gain 25%. find C.P?​

Answer 1

Answer:

Let CP = Rs. 100

SP = 100+20 = Rs. 120

Second CP = 100-20 = Rs. 80

Gain = 25%

Therefore Second SP = 80*1.25 = Rs 100

Diff. of SP = 120-100 = 20

if the diff. is Rs. 20 for CP = 100

therefore if diff. is Rs. 5 than CP 100/20 X 5 = 25

Hence CP of the article is Rs. 25