Question

a shopkeeper sold a toy at a loss of 20 % .Had he sold it for 80 rupees more ,he would have made a profit of 5 % on it.What was the cost price of the toy?​

Answer 1

The cost price of the toy is 320

Step-by-step explanation:

Let the Cp be x

Loss% = 20 %

So, SP =CP - Loss

SP = x - 20/100x

When is sold at a profit of 5%

Profit% = 5%

So, SP =CP + Profit

SP = x + 5/100 x

Now we are given that Had he sold it for rupees 80 more, He would have made a profit of 5% on it.

So, ( x + 5/100x) - ( x - 20/100x) =80

x = 320

Hence the cost price of the toy is 320