Question

A trader allowed 12 ℅ discount and sold a fan at a loss of Rs 16 .if he had sold it at 10%discount he would have gained Rs 20 .for what price did he purchase the fan​

Answer 1

Step-by-step explanation:

⇒ Let Cost price of the article be Rs.x

⇒ When Selling price is Rs.340 then,

⇒ Gain%=

x

340−x

×100

⇒ When Selling price is Rs. 350 then,

⇒ Gain%=

x

350−x

×100

⇒ Hence, Additional%gain=

x

350−x

×100−

x

340−x

×100

⇒ 5=[350−x−340+x]×

x

100

[It is given gain% = 5%]

⇒ 5x=1000

∴ x=Rs.200

∴ Cost price of article is Rs.200