Question

Raymoon sold an article at a loss of 5%. If he had sold it for 270 rupees more , he would have gained 7% . Find the cost price of the article.​

Answer 1

Answer:

Step-by-step explanation:

Cost price of the article is Rs. 2250

Raymoon sold an article at a loss of 5%.

If he sold it for 270 Rs. more, he would have gained 7% .

Let cost price be x.

Loss is 5% that is loss will be 0.05x.

Now selling price will be Cost price - loss = x - 0.05x= 0.95x.

Now when Selling price is increased by 270, he gains a profit of 7%.

Selling price will be 0.95x + 270

Profit will be 7% of cost price = 0.07x

Profit = Selling price - Cost price

0.07x = 0.95x + 270 - x

Solving the equation, we get

0.07x = -0.05x +270

0.12x = 270

x = 270/0.12 = 2250

Cost price of the article is Rs. 2250

Answer 2

Step-by-step explanation:

Cost price of the article is Rs.

Cost price of the article is Rs.Let cost price be x. Loss is 5% that is loss will be 0.05x. Now selling price will be Cost price - loss = x - 0.05x= 0.95x. Now when Selling price is increased by 270, he gains a profit of 7%

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