If 5% more is gained by selling an article for rs 350 than for rs 340 then cost price of article is

Answers (1)

Assume cost price of the article CP.

ATQ

Gain % = (SP-CP)x100/CP

5 = (350-CP)x100/CP - (340 -CP)x100/CP

5 = (350- 340) 100/CP

5 = 1000/CP

CP = 1000/5 = Rs 200

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