Question

A person sold an article at a profit of 15%.if he sold it for less , his loss would have been 12% . Find the cost price of the article .

Answer 1

Answer:

cp is RS 300

Step-by-step explanation:

let cp be x

sp= 115x/100 —(when 15%gain)

sp = 88x/100——(when 12% loss

according to question

115x/100 – 88x/100 = 81

or, (115x-88x)= 8100

or, 27x = 8100

or, x= 8100/27

x = 300

hence cp is RS 300