Question

by selling an article of rs60 the seller .akes a profit of 20% how much less should the cost price of the article whould be so that selling at the same price so that the seller would make a profit of 25%


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Answer 1

Answer:

Let cost be 100x

Sold at 20% profit, sale price = 120x

New cost = 60% less = 40x

New sale price = 120x-90

Profit = 120x-90 -40x = 80x-90

( 80x-90) /40x = 50/100=1/2

160x -180 = 40x

120x = 180

x = 1.5

100x = Rs 150

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