A person bought an article and sold it at a loss of 20%. If he had bought it for 10% less and sold it for 55 more, then he would have made a profit of 50%. The C.P. of the article is
A person bought an article and sold it at a loss of 20%. If he had bought it for 10% less and sold it for 55 more, then he would have made a profit of 50%. The C.P. of the article is
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Question
A person bought an article and sold it at a loss of 20%. If he had bought it for 10% less and sold it for 55 more, then he would have made a profit of 50%. The C.P. of the article is
Answer:
Step-by-step explanation:
cp-cost price
sp-selling price
initially
cp=100%
sp=90% of cp
new cp=80% of cp
new sp=90% of cp + 55 = 140% (80% of cp)
take cp as x
(90x/100)+55 = 140/100 * (80x/100)
solving this
=> x= cp= Rs. 250
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(90x/100)+55=140/100*(80x/100)
solve it
-> x= cp=Rs. 250