Question

An article was sold at 12% profit. Had it been purchased at 10% less and sold at rs 80 more there would have been profit of 30%. Find



c.P. Of article

Answer 1

70 is CP of article

Answer 2

Answer:

Rs 1600

Step-by-step explanation:

Let say original cost Price of item = Rs 100C

Sold at profit of 12%

12% Profit = (12/100)100C = Rs 12C

Selling Price = 100C + 12C = 112C  Rs

New Selling Price = 112C + 80  Rs

New cost Price = 100C - (10/100)100C = Rs 90C

Profit = 112C + 80 - 90C  = 22C + 80 Rs

Profit % = 30

((22C +80)/(90C)  )* 100 = 30

=> 22C + 80 = 27C

=> 5C = 80

=> C = 16

Cost Price = 100C = 1600

Cost price of article = Rs 1600