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A man sells an article at a profit of 25%. if he had bought
it at 20% less and sold it for Rs.10.50 less., he would
have gained 30%. Find the cost price of the article?
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Answer Posted / techbots
buy value = X
profit = 0.25X
sell value =1.25X
20% less = X-0.2X=0.8X (new buy value)
1.25X-10.5 = new sell value
so (1.25X-10.5-0.8X)/0.8X = 30/100
so 45X-1050 = 24X
so 21X=1050
X = 50
so buy value = X=50
| Is This Answer Correct ? | 90 Yes | 22 No |
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