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Question 57
An article was sold at a gain of 18%. If it had been sold for ₹ 49 more, then the gain would have been 25%. The cost price of the article is:
Solution
Let the cost price of an article b e 100%.
Difference in gain = (25 - 18)% = 7%
49 = 7%
Cost price(100%) = $$\frac{49}{7} \times 100$$ = ₹ 700
$$\therefore$$ The cost price of the article is ₹ 700.
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