An article when sold at a profit of 5% yields Rs 50 more than when sold at a loss of 5%. What was the cost price of the article?
2 answers:
Answer:
Rs 500
Step-by-step explanation:
Profit = 5%
Loss = 5%
<u><em>For CP </em></u>
Profit = 1.05x
Loss = 0.95x
<u><em>Given Condition: </em></u>
Let CP be x
1.05 x = 50 + 0.95x
=> 1.05x-0.95x = 50
=> 0.1 x = 50
<u><em>Dividing both sides by 0.1</em></u>
=> x = Rs 500
Answer:
Rs. 500
Step-by-step explanation:
CP= x
SP at 5% profit= 1.05x
SP at 5% loss= 0.95x
The difference= Rs. 50
1.05x- 0.95x= 50 0.1x= 50 x= 50/0.1 x= 500 CP is Rs. 500
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