Question

By selling an article for ₹3230,a dealer suffers a loss equal to 1/5 of his investment.Find the cost price.At what price should he have sold it to make a gain of 10%?​

Answer 1

Answer:

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Answer 2

Let his CP was x

Loss= $\frac{x}{5}$

SP = CP - Loss

=> 3200=  x- $\frac{x}{5}$

=> $\frac{4x}{5}$ = 3200

=> x= $\frac{3200*5}{4}$

x= 4000

Hence CP= Rs. 4000

To get 10% gain,

SP = $\frac{110}{100}$ × $4000$

= Rs. 4400