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

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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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