Question

An article is bought for Rs 2000. At what price should it be sold so as to make a profit of 10% ? What would be its cost price if there would be a loss of 10% when the article is sold for the same price​

Answer 1

to make profit of 10%:

2000*10/100 =200

total amount which will give 10% profit: 200+2000

2200 rs

therefore cp in this case is ₹2200

similarly,

total amount which will give 10% loss: 2000-200= 1800 rs

therefore, cp is this case is ₹1800