Question

One person sells a product that earns 10% profit. If both the purchase price and the selling price were less than Rs. 25, then the profit would be 5% more. But what is the purchase price of the product?​

Answer 1

Answer:

Step-by-step explanation:

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Answer 2

Answer:

Let the cost be ‘X’

He sold for ‘1.1X’

If he had charged Rs. 45 more, the profit would be 25%. That brings us to the equation- 1.1X+45 = 1.25X

Solving this will get you to X=300

Use this method if you have complete understanding of the concept:-

If Rs. 45 fetches you 15% extra what would be the 100% i.e. in terms of equation X+45= 1.15X

Solving this would give you the answer X=300

Lets verify the answer:-

So the cost price is Rs. 300.

The man sold it for Rs. 330 i.e., Rs. 30 at 10% profit

and by adding Rs. 45 he could have sold it for Rs. 375 i.e.,Rs. 75 at 25% profit.

Step-by-step explanation:

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