Question

An article was sold at a profit of 12%. Had it been sold for Nu 80 more, there would be a profit of 20%. Find
i) the cost price of the article
ii) the selling price of the article
​

Answer 1

Answer:

ANSWER

Original Profit=12%

Cost Price=C.P.

Let the Selling price be S.P.

C.P.

S.P.−C.P.

​  

×100=12                  (1)

S.P.−C.P.=  

100

12C.P.

​  

                   (2)

New Selling Price is S.P.+16

C.P.

S.P.+16−C.P.

​  

×100=20

C.P.

S.P.−C.P.+16

​  

×100=20    (3)

Substituting (2) in (3)

C.P.

100

12C.P.

​  

+16

​  

×100=20  

C.P.

12C.P.+1600

​  

=20  

12+  

C.P.

1600

​  

=20  

C.P.

1600

​  

=20−12=8  

8

1600

​  

=200=C.P.

The C.P. of the article=200Rs

Step-by-step explanation: