An item was sold for ₹500. If the selling price was 10% less, then the profit would have been 12.5%. What is the cost price of the item?
An item was sold for ₹500. If the selling price was 10% less, then the profit would have been 12.5%.
Let's assume the cost price is ₹8y.
500 of (100-10)% = 8y of (100+12.5)%
500 of 90% = 8y of 112.5%
450 = 9y
y = 50
cost price of the item = 8y = $$8\times50$$ = ₹400
Create a FREE account and get:
