Question

Gaurav sold an article at a profit of 12% it had been sold for Rs 16 more the profit would have been 20% find the CP of an article

Answer 1

Answer:

cp of article = 200

Step-by-step explanation:

let the Cost price be x

profit = 12%of x

selling price = x + 12% of x

Now

if selling price = (x + 12% of x)+16

profit = 20% of x

but selling price = x + 20%of x

⇒ (x + 12% of x)+16 =  x + 20%of x

⇒(112x/100)+16= 120x/100

⇒(120x-112x)/100 = 16

⇒8x = 1600

⇒x = 1600/8 = 200

so cp of article = 200