Question

Umesh sells an article at a profit of 20% it had he bought it for 8% and sold it for 200 he would have gained 25% is what is the cost price of the article​

Answer 1

Cost price of the article is 2000  

Step-by-step explanation:

Suppose cost price of article is 100, and 20% profit,

then,

selling price (SP1) = 120,

He bought 8% less ,

then ,the new cost price is 92

and selling price,

= $92\times\frac{25}{100}$

= 23

New selling price(SP2),

=  92 + 2

= 115

Difference of two selling price,

= 120 - 115

= 5

difference of 5 then cost price is 100,

so, 5 = 100

200 = $\frac{100}{5}\times 200$

200  = 2000

Cost price of the article is 2000