When do people usually use their imagination?
1 answer:
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Answer:
The cost price is Rs.500
Explanation:
<em>I'll approach this question by taking the statements in the question, one after the other</em>
Let the cost price be represented by CP
From the first statement:
Sanjay made a loss of 25%
The selling price (SP) is as follows;
Convert percent to fraction
Get decimal equivalent
From the second statement:
If the selling price was increased by 175%, Sanjay would make a profit of 10%
Hence; The new selling price is
The selling price can also be calculated from the profit
Convert percent to fraction
Get decimal equivalent
Equate both values of SP (SP = SP)
Collect Like Terms
Divide both sides by 0.35
<em>Hence, the cost price is Rs.500</em>