Question

an article was sold at a gain of 15percent Had it been sold for ₹108 more the profit would have been 20percent Find its cost price
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Answer 1

Answer:

let CP be x

SP=CP+profit % of CP

SP= x+15/100 *x

SP=115x/100

A/Q

(115x/100)+108=x+20%of x

(115x/100)+108=x+20x/100

(115x/100)+108=120x/100

(120x/100)-(115x/100)=108

5x/100=108

x=(108*100)/5

x=2160

hence,

cost price of the article be rupees 2160.