Question

it is sold at a profit of 20% if it had been sold at a profit of 25% it would have fetched Rs 750 more. find the cost price of the sofa set​

Answer 1

Answer:

let the cost price of the sofa set be Rs. 100

profit =20%=RS . 20

selling price of sofa in the first case =100+20=120

In the second case, profit=25%=RS.25

therefore, selling price in the second case=100+25=RS.125

Difference in the two selling prices=RS.125-Rs.120=RS. 5

so it will be in direct variation

cost price=750/5×100

=₹15,000

so it will be helpful to you