A shopkeeper sells an article at a profit of 15% if he had bought it for 15% less and sold it for rupees 23.40 less he would have gained 20% find the original cost price of the article
Answers
Step-by-step explanation:
CP SP
100 115
(15% less) | | (20% gain)
85 102
difference= 115-102
= 3-------------23.4
= 100------- 780
Answer:
Let the C.P of the article = Rs. 100
Profit = 15%
S.P. of the article = Rs. ( 100 + 15% of 100 )
= Rs. 115
If he had bought it at 15% less ,
C.P would have been = Rs. ( 100 - 15% of 100 )
= Rs 85
Profit on the new C.P. = Rs. ( 20% of 85 )
= Rs. 17
New S.P = Rs. ( 85 + 17 )
= Rs. 102
therefore, difference between the two S.P
= Rs. ( 115 - 102 )
= Rs. 13
Difference between the two
S.P ( Rs. ) C.P ( Rs. )
13 100
23.40 x
x = 23.40 × 100/ 13
x = 180
therefore, the original C.P of the article is Rs. 180.