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Question 74
A person sells an article at 16% below its cost price. Had he sold it for ₹33 more, he would have gained 14%. To gain 25%, he should sell the article for:
Solution
Let the cost price be 100%
Selling price = 100% - 16% = 84%
He sold it for ₹33 more, he would have gained 14%.
114% = 84% + 33
30% = 33
Cost price(100%) = $$\frac{33}{30} \times$$ 100 = 110
To gain 25%, Selling price = 110 $$\times \frac{125}{100}$$ = Rs137.5
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