Question

Samy sold his dinning table set at a loss of 20%. If he had sold it for $ 800 more, he would have received a profit of 5%. Find the cost price .

Answer 1

For our convenience Let  c.p be 100.

Given, loss = 20%.

Then the s.p will be 100 - 20 = 80.

Given, profit of 5% = 100 + 5 = 105

Difference of selling price = 105 - 80 = 25

Given, difference is 800$, then the cost price will be

                                   = (100 / 25) * 800

                                   = 100 * 32

                                   = 3200 $.

                                        

Hope this helps!