Question

A shopkeeper sells a sweater at a loss of 5% . If he had sold it for Rs 260 more , he would have made a profit of 15% . Calculate cost price of the sweater . IT 'S URGENT

Answer 1

Here it is☺:-)
P. S. In such a sum do not assume cp as 100. It will give an incorrect answer

Answer 2

Answer:

Rs.1300

Step-by-step explanation:

Let the cost price of sweater be x

Now we are given that A shopkeeper sells a sweater at a loss of 5% .

So, Loss = $5 \% \times x$  = $\frac{5}{100} \times x$ = $0.05x$

S.P. = C.P. - Loss = x-0.05 x =0.95x

Now when he earns profit of 15 %

So, Profit = $15 \% \times x$  = $\frac{15}{100} \times x$ = $0.15x$

S.P. = C.P. +Profit  = x+0.15 x =1.15 x

Now we are given that  If he had sold it for Rs 260 more , he would have made a profit of 15% .

So, $1.15 x - 0.95 x = 260$

$0.2 x = 260$

$x = \frac{260}{0.2}$

$x = 1300$

Hence cost price of the sweater is Rs. 1300.