A man sells an article at profit of 25%.If he had bought it at 20% less and sold it for 10.50 less, then he would have gained 30%. Find the cost price of the article

Answers (1)

Let CP be the original cost price of the article.

Selling price of the article at 25% profit = 1.25CP

ATQ
Gain % = 30 = (1.25 CP - 10.5 - 0.8 CP)x100/ 0.8 CP

30 = 156.25 - 1312.5/CP - 100

1312.5/CP = 56.25 - 30 = 26.25

The original cost price of the article CP = 50

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