Question

If a cricket bat is sold at 5%profit instead of loss of 5%,the seller gets 75 more.the cost price of bat is

Answer 1

Answer:

The cost price of the cricket bat is Rs. 750

Explanation:

Assume that the cost price of the cricket bat is x

Now we get the equations for the 5% profit and loss:

1- Selling with 5% profit, the merchant will get:



2- Selling with 5% loss, the merchant will get:



Now, we are given that the difference between profit and loss is Rs. 75

This means that:

selling with profit - selling with loss = 75



Therefore:

The CP of the bat is Rs. 750