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Question
Due to some damage, Nitin sells a woollen jacket at 10% below the cost price. If he could sell it for ₹500 more, he
Due to some damage, Nitin sells a woollen jacket at 10% below the cost price. If he could sell it for ₹500 more, he
would make a profit of 15%. What is the cost price of the jacket?
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Answer
Let CP=x
He sold it at 10% loss, or 0.9x
15% profit = 1.15x
Difference = 1.15x-0.9x = 0.25x
0.25x=500
x=500/0.25= 2000rs
