Question

Rajni sold a pressure cooker at a loss of 8% .Had she bought it at 10% less and sold it for rupees 176 more she would have gained 20% .Find the cost price of the pressure cooker​

Answer 1

Answer:

Solution

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Let CP=x

Loss=8%

SP=92%×x=0.92x

If she had bought it at $10\% $$ less

Then new CP=90%×x=0.9x

According to the question

SP=102%×0.9x

0.9x+176=1.2×0.9x

⟹x=1100

Hence, cost price of the pressure cooker=Rs.1,100.