Question

An article was sold at a profit of 7%. If it had been sold for Rs.276 more, he could have gained 10%. Find the cost price

Answer 1

Step-by-step explanation:

Let the CP of the article = Rs. 100

According to question,

5 units = Rs. 5.75

1 units =

5.75

5

×100

100 units =

5.75

5

×100=115

∴ CP of the article = Rs. 115

to gain 20%

∴ SP of the article

=115+

20

100

×115

SP = Rs. 138 Ans.

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