Question

An article was sold at 10% profit. Had it been purchased at Rs 22 more and sold at 5% more , the profit remains same. Find the SP to gain a profit of 62.5% ?​

Answer 1

Answer:

Let the Cost Price (CP) be, xx. Given profit =10%=10% , profit in amount = 10%10% of xx =110⋅x=110⋅x

Then CP become x+22x+22 and profit is 5%5% of CP == 120⋅(x+22)120⋅(x+22). According to the question profit is same therefore

120⋅(x+22)=110⋅x120⋅(x+22)=110⋅x

Now you get xx (CP)=22=22. Can you take it from here