Question

The profit earned by a baker by selling a cake at a profit of 5% is Rs. 30 more than when he sells it at a loss of 5% find the CP of the cake. ​

Answer 1

Answer:

Step-by-step explanation:

LET CP BE Y

SP AT 5% PROFIT = 100Y + 5Y/100

                               = 105Y/100

SP AT 5% LOSS = 100Y - 5Y/100

                           = 95Y/100

105Y/100 -  95Y /100 = 30

10Y/100                   = 30

10Y                          = 30 x 100

10Y                          = 3000

Y                            = 3000/10

                             = 300

THEREFORE,

THE COST PRICE IS RS.300