Question

a table was sold at 20%loss but had it sold for RS 160 more these would have been a profit 20%. find cp​

Answer 1

Answer:

Rs 400

Step-by-step explanation:

Let us assume that the cost price of the article = x

Selling price = S.P

Cost price = C.P

Loss = %Loss × C.P(percentage loss × Cost Price)

S.P = C.P - Loss

In the question, Loss = 20%

S.P = x - 20x/100

Find the Lowest Common Multiple

S.P= 100x - 20x/100

S.P = 80x/100.........Equation 1

In the question, we are told if the article was sold for RS 160 more, it would have made a profit of 20%

Profit = %profit × C.P(percentage profit × Cost Price)

S.P = C.P + Profit

In the question, profit = 20%

S.P = x + 20x/100

Find the Lowest Common Multiple

S.P= 100x + 20x/100

S.P = 120x/100.........Equation 2

Hence,

Equation 2 - Equation 1 = Rs 160

= 120x/100 - 80x/100 = 160

= 40x/100 = 160

Cross multiply

40x = 100 × 160

40x = 16000

x = 16000/40

x = Rs 400

Since x = Cost price, the cost price of the table = Rs 400