AN articles is sold at gain oj 15%. had it been sold for rupees 27 more, the profit would have been 20% . find the cost price if the article
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An article is sold at a gain of 15%. Had it been sold for $ 27 more, the profit would have been 20%. The cost price of the article is
$ 500
$ 700
$ 540
$ 545
Correct Option: C
Let the C.P. of article be $ y, then
According to question ,
∴
120y
-
115y
= 27
100 100
⇒
5y
= 27
100
⇒ y =
27 × 100
= $ 540
5
We can find required answer with the help of given formula :
Here, a = 15%, R = $ 27, b = 20%
C.P. =
R × 100
b + a
C.P. =
27 × 100
20 - 15
C.P. =
27 × 100
= $ 540
5
hope this helped you :)