Question

John an article to Mahesh at 15% profit and Mahesh sold it to Ramesh at 8% loss if Ramesh paid rupees 1587 for the article find the CP of the article

Answer 1

Let the cost price of the article be Rs 100. Given that Renu sold it at loss of 8 % Hence the selling price = Rs 100 – Rs 8 = Rs 92. It is given that if she had ...

Answer 2

C. P. Of ramesh=S. P. Of mahesh
S. P. =1587
C.P.=(100/100-LOSS)×s.p.
=(100/92)×1587
=1725

C.P OF MAHESH=S. P. OF MAHESH
S. P. =1725

C.P.=(100/100+PROFIT)×S.p.
= 100/115×1725
=1500
C.p. Of mahesh=Rs. 1500


Then article cost =Rs.1500