Question

an item was sold at a loss of 10% .had it been sold for rupees 3000 more there would be 10% profit what is cost price?​

Answer 1

Step-by-step explanation:

The cost of an item is 100% and it was sold at 20% loss that means it was sold at 80%.had it been sold at 3000 more it would have earned 10% profit that means amount recovered will be 110%.

That means for 30,%(110–80) we are earning 3000 so for 100% the value will be 3000/0.3(30%)the answer is 10000

Cross check

Cost is 10000 if it sold at 80%0means at 8000

If it was sold for 3000 more that means 8000+3000 =11000

Profit is 1000 i.e10%