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 the purchase price of the sweater

Answer 1

Answer:

Rs 1300

Step-by-step explanation:

Let say purchased price = x

Loss = (5/100)x  = 5x/100

Profit = (15/100)x = 15x/100

5x/100  + 15x/100  = 260

20x = 26000

x = 1300

Answer 2

Answer:

Rs 1300

Step-by-step explanation:

Let Cost Price= Rs x

Loss = 5% of x

= 5/100x

= 1/20x

Profit = 15% of x

= 15/100x

= 3/20x

=› 1/20x + 3/20x = 260

=› 4/20x = 260

=› 1/5x = 260

=› x = 260 * 5

=› x = Rs 1300 (Answer).

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