A shopkeeper sells a sweater at a loss of 5%. If he had sold it for 260 more, he would have made a profit of 15%. Calculate the purchase price of the sweater.
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Answered by
4
Answer:
Rs 1300
case1:Let CP be x
Loss=5%
SP
1
=x−5%ofx
SP
1
=95%ofx=
100
95
x
Case2: CP=x,
P
2
=15%
SP
2
=x+15%ofx=
100
115
x
Difference in SP is given 260
Thus,
SP
2
−SP
1
=260
100
115x−95x
=260
⇒20x=260×100
⇒x=
20
26000
⇒x=1300
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Answered by
4
the answer is 1300
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