Question 93

Anarticle is sold for a profit of 20%. Had it been sold fora profit of 25% it would have fetched ₹.50 more. The cost price of the article (in ₹ ) is

Solution

let the cost price of the article is x Rs

then 120% of x = 1.2x

and 125% of x = 1.25 x

then in given in question 1.25x - 1.20x = 50

0.05x = 50

x = $$\frac{50}{5}$$ $$\times$$ 100

x = 1000 Rs Answer

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