Question

An article was sold at a gain of 10 % had it been sold for $65 more, the gain would have been 14 find the C.P of the article.​

Answer 1

Answer:-

Gain of the article = 10%

10% + 65 = 14%

65 = 4%

CP of the article = 100÷4×65

= 1625

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Answer 2

Answer:

Let CP be $ x.

Profit = 10%

SP = 11/10 x

According to statement

SP = 11/10 x + 65

Profit % = 14%

So, Using the formula,

CP = (100 × SP)/(100 + Profit%)

x = (110x + 6500)/(100 + 14)

114x = 110x + 6500

4x = 6500

x = 1625.

So, CP of the article is $1625.