Question

A T.V was sold at profit of 5%. If it had been sold at a profit of 10%, the profit would have been Rs.1000 more. What is its cost price?

Answer 1

Step-by-step explanation:

lets say, the TV was bought at the price x

if it was sold at 5% profit, then the sale-price would be : (100+5)x / 100 = 105x / 100

similarly, if it was sold at 10% profit, then the sale-price would be : (100+10)x / 100 = 110x / 100

so, the difference of these two profit price would be 1000

so the equation will be like,

( 110x / 100 ) - ( 105x / 100 ) = 1000

=> 5x / 100 = 1000

=> 5x = 100000

=> x = 20000

so, the cost price of the TV will be 20000/-