Question

When an article is sold for Rs 23, there is profit.

Answer 1

Answer:

Cost price = R.S 20

Sales price = R.S 22

Step-by-step explanation:

Given:

Sales price of an article = R.S 23

Profit = 15%

Find:

Cost price

Sales price if profit is 10%

Computation:

Profit% = [(Sales price - Cost price) / Cost price]100

15 = [(23-cp)/cp]100

15cp = 2,300 - 100cp

115cp = 2,300

Cost price = R.S 20

Sales price if profit is 10%

Sales price = Cost price + Profit

Sales price = 20 + 10%[20]

Sales price = 20 + 2

Sales price = R.S 22