Question

A person sells an item at 12.5% loss.If he sells for Rs.112 more he will have a profit of 5%.What is the cost price?

Answer 1

The cost price of the item = 640

Step-by-step explanation:

We have given,

Loss on selling an item = 12.5%

And if the sold of more = 112 ₹

The profit would be = 5%

Let's assume that the cost price = 100

(First we have to add the percentage of loss and profit)

The total percentage between loss and profit = 17.5%

• => 12.5 + 5 = 17.5

Now, 17.5% = 112₹

Then , the cost price will be = 640

• => 112×100/17.5=640

The total cost price of the item will be 640₹.