Question

Ranjan sells an article for 760. He loses 5% on the transaction. If he had sold it for 840, he would have
gained 5%. What is the cost price of the article?​

Answer 1

≡QUESTION≡

Ranjan sells an article for 760. He loses 5% on the transaction. If he had sold it for 840, he would have  gained 5%. What is the cost price of the article?​

                                                                                         

║⊕ANSWER⊕║

Loss% = (CP - SP)/CP x 100

(Where CP = Cost Price and SP = Selling Price).

Selling Price of the article = Rs. 760.

Loss% = 5%.

Loss% = (CP - SP)/CP x 100

5 = (CP - 760)/CP x 100

5CP = 100CP - 76000

5CP - 100CP = - 76000

- 95CP = - 76000

CP = 76000/95

     = Rs. 800.