Question

an article was sold at a profit of 5%.If it had fetched rs 24 more,there would have been a profit of
8%.what was the cost price of the article?​.

Answer 1

Answer:

Let the CP of article = x

Profit = 5%

⇒ $x + \frac{5x}{100}$

According to Question:-

If it had fetched Rs 24 more, the profit percent would be 8%

⇒ $x + \frac{5x}{100} + 24 = x + \frac{8x}{100} \\x - x + 24 = \frac{8x}{100} - \frac{5x}{100} \\24 = \frac{3x}{100} \\\frac{24 * 100}{3} = x \\8 * 100 = x \\800 = x$

Original CP of article = Rs 800

Hope it helps

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