Question

Sushma sells an article at a loss of 12%. If she had sold it for Rs. 50.80 more, then she would have earned a profit of 8%. Find the cost price of the article.

Answer 1

Answer:

Step-by-step explanation:

254

Answer 2

Answer:

Rs. 254

Step-by-step explanation:

Let the cost price of the article be Rs. x

So the Selling Price is (1-12/100)*x =Rs. 0.88x

If she would have sold the article for an additional amount of Rs. 50.8 then the selling price would have been 0.88x + 50.80

The profit would have been 8%, so the selling price would be (1+8/100)*x = 1.08x

Now 1.08x = 0.88x + 50.80

so solving this equation will give us the cost price 'x' of the article

1.08x - 0.88x = 50.80

0.20x = 50.80

x = 50.8/0.2 = 254

Hence, the cost price of the article is Rs. 254