Question

A radio is sold at a gain of 16%. If it had been sold for rupees 20 more, 20% would have been gained. The cost price of the radio is​

Answer 1

Answer: ) Rs. 500

Solution:-

Le the cost price of a radio be X.

A radio is sold at a gain of 16%. If it had been sold for Rs. 20 more, 20% would have been gained.

Then, (20 – 16) x X/100 = 20

X x 4/100 = 20

X /25 = 20

X = 20 x 25

X = 500

Then, the cost price of a radio is Rs. 500.