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% ?
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Answer 1

Answer:

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

Then CP become x+22

and profit is 5% of CP = 120⋅(x+22)

. According to the question profit is same therefore

   120⋅(x+22)=110⋅x

Now you get x

(CP)=22.