Question

an article is sold at loss of20%for rsn 8000. if it is sold at 20% profit then what would be theselling price of the article

Answer 1

Step-by-step explanation:

Let initial cost price be Rs. x

Profit =

100

20

×x=

5

x

So, Selling price = x+

5

x

=

5

6x

New cost price = x+50

New selling price =

5

6x

+30

New profit = (

5

6x

+30)−(x+50)=

5

x

−20

Profit%=

(x+50)

5

x

−20

×100

According to the question profit %= (20−

3

10

)%=

3

50

%

So,

x+50

5

x

−20

×100=

3

50

⇒

5(x+50)

x−100

×100=

3

50

⇒

x+50

x−100

=

6

5

⇒ 6x−600=5x+250

⇒ x=850

Therefore, cost price of article is Rs. 850.

Answer 2

The answer is Rs. 9600

Step-by-step explanation:

20% of Rs. 8000 = Rs.1600

Profit = Rs. 8000+ Rs. 1600 = Rs. 9600.

Hope my answer helps you.