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  • One store sells a product at a loss of 29%. Had it been sold for Rs. 84/- more the profit would have been 11%. What is the cost price of the product

One store sells a product at a loss of 29%. Had it been sold for Rs. 84/- more the profit would have been 11%. What is the cost price of the product

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Let the CP of the article be Rs.x

(SP-CP)*100/CP = -29, or

-29CP = 100SP - 100CP, or

100 SP = 71 CP = 71x or

SP = 0.71x.

If the SP was Rs.84 more than the profit would be 11%..

Revised SP is 0.71x + 84

Revised profit = 11% or (0.71x+84-x)*100/x = 11, or

11x = 71x+8400–100x, or

100x+11x-71x = 40x = 8400, or

x = 8400/40 = 210.

The Cost Price was Rs.210.

Posted by

Deependra Verma

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