Question 56
If an article is sold at 23% profit instead of 14% profit, then the profit would be ₹189 more. What is the cost price?
Solution
Let's assume the cost price of the article is ₹'y'.
If an article is sold at 23% profit instead of 14% profit, then the profit would be ₹189 more.
y of (100+23)% - y of (100+14)% = 189
y of 123% - y of 114% = 189
1.23y-1.14y = 189
0.09y = 189
The cost price of the article = y = ₹2100
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