Question

The selling price of an article is ₹5600. If it is sold for a loss of 6 23 % , what is the cost price of the article?

Answer 1

Answer:

Step-by-step explanation:

Let the Cost Price of the article= ₹100 when sold for 20% loss, the Sale Price would have been (100–20)= ₹80.

If it had been sold for a profit of 5% , then the Sale Price would have been ₹105.

So the difference between the profit and loss sale = ₹(105–80)= ₹25.

So if he could sell for ₹25- more, the cost price would be=₹ 100.

If it had been sold for ₹200- more, the cost price would be= ₹ 200/25 x100

= ₹800 Another Simple Method:

Let “x” be the Cost Price. Therefore the required equation is

0.8x +200 = 1.05x

= (1.05x -0.8x)= 200

=0.25 x= 200

So X= 200/0.25

= ₹800.