A shopkeeper sold a racket at a loss of 26%. Had he sold it for ₹144 more, he would have gained 22%. Find the cost price of racket.

Answers (1)

Assume the cost price of the rocket is CP.

26 % loss => Selling Price = (1-0.26) CP = 0.74 CP

Gained 22 % if the selling price is 144 more =>  22 = (0.74 CP + 144 -CP)x100/CP  

22 = 74 +  14400/CP - 100

14400/CP = 48

Cost price of the rocket CP = 14400/48

                                         = Rs 300

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