Question

ANSWER This question...​

Answer 1

Let the price of the toaster be = Rs x

So now we know that the man sold the toaster at a profit of 10%.

Selling Price =>  $x + (\frac{10}{100} )x = 1.1x$

Had he purchased it for 5% Less

Cost Price =>  $x - (\frac{5}{100} )x = 0.95x$

He sold it for ₹ 56 more

Selling Price =>  $1.1x + 56$

he could have gained 25%

Selling Price => $0.95x + (\frac{25}{100} )0.95x= 1.25 * 0.95x$

Let's Equate both selling prices

=>$1.25 * 0.95x = 1.1x+ 56$

=> $0.0875x= 56$

=> $x=640$

∴ The cost price is Rs 640

∴ He bought the toaster for Rs 640.