Question

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

Answer 1

Answer:

The cost price of the toy is 320

Step-by-step explanation:

Let the Cp be x

Loss% = 20 %

So, SP =CP - Loss

SP = $x- \frac{20}{100}x$

When is is sold at profit of 5%

Profit% = 5%

So, SP =CP + Profit

SP = $x+ \frac{5}{100}x$

SP = $x+ \frac{5}{100}x$

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

So, $(x+ \frac{5}{100}x)-(x- \frac{20}{100}x)=80$

$x=320$

Hence the cost price of the toy is 320

Answer 2

80×20=320

80×5=400

400-320=80

80×20=320