Q. 164.2( 21 Votes )
A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs 36.75 less, he would have gained 30%. Find the cost price of the article.
Answer :
Let the cost price of article = Rs. X
Profit% = 25%
Selling price of article =
If CP of article is 20% less (given)
Now CP becomes =
Now SP =
Profit % = 30%
By formula,
=
= 30 =
=
=
Cost price of article = Rs.175
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