Question

an article is sold at loss of 5%.if it is sold at rs 72 more ,then there would be a profit of 4% .what is the actual price ​

Answer 1

Answer:

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Answer 2

Answer:

Since the Cycle is sold at a loss of 5% , we will assume

95% of Cost Price (CP) = Selling Price (SP) …. equation 1

Its also given, if we add Rs.72 to the selling price they would have 4% profit.

Therefore,

104% of Cost Price (CP) = Selling Price +72rs

104% of CP - 72 = SP …. equation 2

Equating 1 and 2

95% of CP = 104% CP -72

104% CP -95% CP = 72

9% CP = 72

1% of CP = 72/9 = 8

1% of CP = 8 , then 100% of CP = 8*100 = Rs.800

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