an item was sold at a loss of 25% had it been sold for rupees 2100 more more than profit would have been 10% what is the cost price of the item
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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%
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