An article is sold at 25% profit. If the CP and the SP of the article
are increased by Rs 60 and Rs 30 respectively, the profit% decreases
by 15%. Find the cost price of the article.
Answers
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Step-by-step explanation:
Let CP be Rs. x
Then,
SP= CP(100+Profit %)/100 = x(125)/100
SP= 125x/100= 5x/4
Now,
New CP=x+60
New SP= 5x+4+30
New profit %= (25-15)%=10%
Then,
Profit=Sp-CP=[(5x/4)+30]-[x+60]
= (x/4)-30
Profit%= [(x/4-30)/(x+60)] x 100=10
= 10x/4-300=x+60
= (5x-2x)/2=360
= 3x/2=360
= x= (120 x 2)/3 = Rs.240
Therefore, the CP of the article is Rs. 240
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