Question

Gopi sold a watch to Ibrahim at 12 percentage gain and Ibrahim sold to John at a loss of 5% if john paid ₹1330,then find how much did Gopi sold it​

Answer 1

Step-by-step explanation:

Given that,

Profit percent of gopi = 12%

S.P of Ibrahim = Rs. 1330

Loss percent of Ibrahim = 5%

Let the cost price of gopi = X

S.P of Gopi = C.P of Ibrahim = 12%

= 0.12X

profit=cost price×profit%

=12x

100

=0.12x

Selling price = cost price + profit

⇒x+0.12x

⇒x(1+0.12)

⇒1.12x

∴ S.P of gopi = 1.12X = C.P of Ibrahim

To find the S.P of Ibrahim,

= 0.056X

∴ loss = 0.056X

Selling price = Cost price - loss

= 1.12X – 0.056X

= 1.064X

∴ Selling price of ibrahim = 1.064X

Given, S.P of Ibrahim = Rs. 1330

⇒1.064X = 1330

⇒X = 1250

∴ The cost price of gopi is Rs. 1250

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