Question

An article is sold at 12% gain. If it had been sold for Rs 2400 more, the gain

would have been 20%. Find the cost price of the article.

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Answer 1

Answer:

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Step-by-step explanation:

Answer 2

Answer:

₹30,000

Step-by-step explanation:

Selling price at 20% profit - Selling price at 12% profit = ₹2400

⇒ (Cost price + 20% of cost price) - (Cost price + 12% of cost price) = ₹2400

⇒ 8% of cost price = ₹2400

⇒ Cost price = ₹$\frac{2400}{8}$ × 100 = ₹30,000