Amar Babu sold a picture at 20% loss but he made a profit of 5% if he sold it with rupees 200 more than latest calculate and observe the cost price of the picture he has brought
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Answer:
- If there is Same Terms (Profit, Profit) or (Loss, Loss). Then we Subtract the Percentage.
- If there is Opposite Terms (Profit, Loss) or (Loss, Profit). Then we Add the Percentage.
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Given :-
• Main loss percentage = 20%
• Next profit percentage = 5% if SP becomes 200 more than previous SP.
To find :-
• Cost price of picture = ?
Solution :-
Let the cost price be Rs.M
So, at 20% loss, SP —
→ SP = CP - Loss
→ SP = M - 20% of M
→ SP = M - 20M/100
→ SP = M - M/5
→ SP = 5M - M/5
→ SP = Rs. 4M/5 -------- Equation (1)
Case 2:-
Now if SP was 200 more, profit percentage = 5%
Now at 5% profit :-
→ SP = CP + Profit
→ (SP + 200) = M + 5% of M
→ SP + 200 = M + 5M/100
→ SP + 200 = M + M/20
→ SP + 200 = 20M + M/20
→ SP + 200 = 21M/20
Now putting value from (Equation 1)
→ 4M/5 + 200 = 21M/20
→ (4M + 1000)/5 = 21M/20
→ 20(4M + 1000) = 5(21M)
→ 80M + 20000 = 105M
→ 105M - 80M = 20000
→ 25M = 20000
→ M = 20000/25
→ M = Rs.800
Therefore,
Cost price of picture is Rs.800 .
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