Question

If 5% of the selling price of an article equals 6% of its cost price and 8% of the selling
price exceeds 9% of the cost price by Rs. 3, what were the selling price and cost
price. (ANSWER=RS600,RS500) I WANT PROCESS PLEASE SOLVE​

Answer 1

Answer:

Step-by-step explanation:

Let the cost price be x

Selling price given is Rs. 700

Cost price / selling price = 3 / 7

x / 700 = 3 / 7

Cross multiplication

7x = 700 × 3

7x = 2100

x = 2100/7

x = 300

Thus the cost price is Rupees 300

Answer 2

Answer:

Let the cost price be x

SP of 5 articles =CP of 6 articles

SP of 1 articles =

5

6x

Clearly, since SP>CP, therefore there is profit

Profit %=

CP

SP−CP

×100

=

x

5

6

x−x

×100=

5

1

×100

=20%.