Question

if an article is sold at a gain of 5% instead instead of being sold at a loss of 5% a man gets rupees 5 more what is the cost price of the article

Answer 1

Let the cost price be x.

Given that Gain = 5%.Then the selling price will be 105x/100

Given that Loss = 5%.Then the selling price will be 95x/100.

Given that 105x/100 - 95x/100 = 5

                   10x = 500

                        x = 50.

The cost price of the article = 50.