Question

An article when sold at a profit of 5% yields Rs. 50 more than when sold at a loss of 5%. What was the cost price of the article? ​

Answer 1

I'm going to assume that the question should say “at a profit of 5%”.

Restate question in the form of a equation.

Let C = the cost price of the item.

C + 0.705 C = C - 0.05 C + Rs 50

0.05 C = - 0.05 C + Rs 50

0.10 C = Rs 50

C = Rs 500

The cost price of the item is Rs 500

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