if the decrease in the price of an article is 14%that is R.280. what is the price of the article
Answers
Answer:
A shopkeeper sold an article at a 20% loss. If he could sell 200 more, his profit would have been 5%. Find the cost price?
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Let the Cost Price of the article= ₹100 when sold for 20% loss, the Sale Price would have been (100–20)= ₹80.
If it had been sold for a profit of 5% , then the Sale Price would have been ₹105.
So the difference between the profit and loss sale = ₹(105–80)= ₹25.
So if he could sell for ₹25- more, the cost price would be=₹ 100.
If it had been sold for ₹200- more, the cost price would be= ₹ 200/25 x100
= ₹800 +++++++++++++++++++++++++++++ Another Simple Method:
Let “x” be the Cost Price. Therefore the required equation is
0.8x +200 = 1.05x
= (1.05x -0.8x)= 200
=0.25 x= 200
So X= 200/0.25
= ₹800. +++++++++++++++++++++++++++++
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