Question

Lena sword her gold necklace at a profit 7% if she has sold rupees 294 more, she would have got 10 % Profit find the cost price
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Answer 1

Answer:

₹9800

Step-by-step explanation:

let the cost price be ₹x

old selling price of necklace =107% of x [x+7% of x = 107% of x]

new selling price = 107% of x + 294

and according to question,

new selling price = 110% of x

=> (110*x/100)=(107*x/100)+294

=>(3*x/100)=294

=>x=294*100/3=₹9800