A coat was sold by a shopkeeper at a gain of 5%. If it had been sold for 1650 less, he would have had a 5% loss. Find CP
Question
Answer:
Let cp of the article = x
at 5% gain sp of article = x + (5/100)x
= 1.05x
at 5% loss sp of article = x - (5/100)x
= 0.95x
given that 1.05x - 0.95x = 1650
0.1x = 1650
x = 1650/0.1
Cost price (x) = Rs. 16500
solved
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