Question

If 5% more is gained by selling an article for ₹ 350 than by selling it for ₹ 340, then the cost of the article is :

Answer 1

Rs 200

Let the cost of article be x

when SP = 350
P% = (350-x)/x*100

when SP = 340
P% = (340-x)/x*100

5% more is gained by selling article for rs. 350 than for 340

(350-x)/x - (340-x)/x = 5/100
10/x = 5/100
x = 200