Question

price.
[Ans. * 10]
2. If an article is sold at * 23, there is a loss of * 7. If it is sold at a profit of 20%, find out its selling price.
[Ans. * 36]
3. A wholesale dealer sold a machine to a shopkeeper at 20% profit. The shopkeeper sold it to a custome
​

Answer 1

Answer to the question number 2

Let,

the cost price of an article be Rs.x

Given,

sales price=Rs.23

Rs.7 is loss if an article worth Rs.x is sold for Rs.23

To find the cost price of the article:

x-23=7

x = Rs.30

If the article is sold at 20% profit then,

price sold = 30+30×20% = 30+6

= Rs.36