Question 93

If an article is sold at a profit of 15% instead of a profit of 9% the person gets ₹ 60 more. The cost price ofthe article (in rupees) is

Solution

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Selling Price when 15% profit is to be made on cost price = SP1 = 1.15CP
Selling Price when 9% profit is to be made on cost price = SP2 = 1.09CP

It is given that SP1 - SP2 = 60 i.e. 1.15CP - 1.09CP = 60
Hence, 0.06CP = 60 which makes CP = 1000

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