Question

if the profit on an item is decreased by 40% the selling price is decreased by 10% if te average of the selling price before and after decreasing the profit is rs 190 find the cost price of the item

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Answer

Let initial cost price be Rs. x

Profit =

100

20

×x=

5

x

So, Selling price = x+

5

x

=

5

6x

New cost price = x+50

New selling price =

5

6x

+30

New profit = (

5

6x

+30)−(x+50)=

5

x

−20

Profit%=

(x+50)

5

x

−20

×100

According to the question profit %= (20−

3

10

)%=

3

50

%

So,

x+50

5

x

−20

×100=

3

50

⇒

5(x+50)

x−100

×100=

3

50

⇒

x+50

x−100

=

6

5

⇒ 6x−600=5x+250

⇒ x=850

Therefore, cost price of article is Rs. 850.