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 .
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Answer 1

Answer - 5% : 260 : 15 % = 83%

Answer 2

Answer:

1300

Step-by-step explanation:

case1:Let CP be x

          Loss=5%

SP​1=x−5%ofx

SP1=95%ofx= (95/100)x

Case2: CP=x,

SP2=15%

SP2=x+15%ofx= (115/100)x

Difference in SP is given 260

Thus,

SP2−SP 1 =260

(115x−95x)/100=260

⇒20x=260×100

⇒x= 26000/20

⇒x=1300

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Thus cost price is 1300 Rs.