A table was sold at a profit of 10%. If its cost price was 5% less and it was sold for Rs. 7 more, the gain would have been 20%. Find the cost price of the table
Answers
Answer:
Rs 140
Step-by-step explanation:
Let the cost price be x.
The selling price will be : 1.10x
If the cost price were 5% less then the cost price would be :
= 0.95x
The selling price sold at 7 more is equal to = 1.10x + 7
If it were sold t this amount the profit would have been 0.20x
This implies :
1.10x + 7 - 0.95x = 0.20x
0.15x + 7 = 0.20x
7 = 0.20x - 0.15x
7 = 0.05x
x = 7/0.05
= 140
The cost price is equal to Rs 140
Answer:175
Step-by-step explanation:
Let the cost price be x.
The selling price will be : 1.10x
If the cost price were 5% less then the cost price would be :
= 0.95x
The selling price sold at 7 more is equal to = 1.10x + 7
If it were sold the table the profit would been 20%
20 x 0.95x = 1.19x
So the gain amount = 0.19x
This implies :
1.10x + 7 - 0.95x = 0.19x
0.15x + 7 = 0.19x
7 = 0.19x - 0.15x
7 = 0.04x
x = 7/0.04
= 175
The cost price is equal to Rs 175