Question

MP of an article is 20% above its CP.It is sold for Rs110 at 10% profit ,find its MP

Answer 1

Answer:

Rs 120

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Step-by-step explanation:

CP

MP = CP + (20/100)CP = 1.2CP

SP = 110

Profit = SP-CP = 110 - CP

Profit % = {(110-CP)/CP}*100

10 =  {(110-CP)/CP}*100

10CP = 11000-100CP

110CP = 11000

CP = 100

MP = 1.2CP = 1.2*100=120

Answer 2

Answer:

Let CP =x=x, so S.P =1.2x

When CP is Rs. 100 less,

CP=x−100

SP=1.2x−100

Now,  

1.2x−100=1.24×(x−100)

On solving , we get

x=600

CP=Rs.600