Question

An article was sold at a gain of 10 percent had it been sold for ₹65 more, the gain would have been 14 Percent find the cp of the article

Answer 1

Answer:

Step-by-step explanation:

CP of table = Rs. 600

Step-by-step explanation:

Let X be the cost price and Y the selling price.

For the first sale, profit is 10%

Y - X / X * 100 = 10

Y - X = 0.1X

Y = 1.1 X ---------------(1)

For the second sale, profit is 15%

Y+30 - X / X * 100 = 15

Y+30 - X = 0.15X

Y = 1.15 X - 30 ---------------(2)

Equating both, we get:

1.1  X = 1.15 X - 30

30 = (1.15 - 1.10) X

30 = 0.05 X

Therefore X = 30 / 0.05 = 600

Cost price = Rs. 600