A man buys an article and sells it at a profit of 20%.
A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.76 less, he could have gained 25%. What is the cost price?
Answer/Solution
s.380
Steps/Work
CP1 = 100 SP1 = 120
CP2 = 80 SP2 = 80 * (125/100) = 100
20 ----- 100
76 ----- ? => 380
ANSWER:A
CP2 = 80 SP2 = 80 * (125/100) = 100
20 ----- 100
76 ----- ? => 380
ANSWER:A