Question

offering a cash discount of rupees 50 Morgan suffers a loss of 5% in place of 5% profit then find the cost price​

Answer 1

answer Let Cost Price (C.P) of article be Rs. 100x

⇒ Selling Price (S.P) of article at 5% profit = 100x + 5% of 100x = 105x

⇒ S.P of article at 8% loss = 100x - 8% of 100x = 92x

⇒ Profit = Rs. 260

⇒ Profit = S.P at 5% profit - S.P at 8% loss

⇒ Profit = 105x - 92x = 13x

⇒ 13x = 260

⇒ x = 20

∴ C.P of article = 100x = 100 × 20 = Rs. 2000