Question 116

A tradesman sold an article at a loss of 20%. If the selling price had been increased by 100, there would have been a gain of 5%. The cost price of the article (in Z.) was

Solution

Let the cost price be $$100x$$

Loss % = 20%

=> S.P. = $$100x - \frac{20}{100} * 100x = 80x$$

Acc to ques :

=> $$80x + 100 = 100x + \frac{5}{100} * 100x$$

=> $$80x + 100 = 105x$$

=> $$x = \frac{100}{25} = 4$$

$$\therefore$$ Cost price = 100*4 = Rs. 400

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