Question

Mohan sold an article for rupees 56 which cost him rupees x. find that he was gained x% on his outlay find x​

Answer 1

Answer:

Let x be the cost price of the article and x% is the profit margin.

Therefore, S.P =x(

1+

100

x

)=56

⇒100x+x

2

=5600

Solving for "x", we get x=40 or x=−140.

As the price cannot be a negative quantity, x=40.