An article was sold at a gain of 16%. If it had been sold for 36 more, the gain would have been 20%. The cost price of the article is
Let the cost price of an article be x.
Gain = 16%
Selling price = x$$\times 116/100$$ = 1.16x
Selling price when sold for 20% gain = x$$\times 120/100$$ =1.2x
According to question,
1.2x - 1.16x = 36
0.4x = 36
x = Rs.900
Create a FREE account and get:
