A coat was sold by a shopkeeper at a gain of 5%. If it had been sold for 1650 less, he would have had a 5% loss. Find CP

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Mathematics

Abdullah Austin

29 November, 16:56

A coat was sold by a shopkeeper at a gain of 5%. If it had been sold for 1650 less, he would have had a 5% loss. Find CP

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Mario Huff · Answer 1

Let cp of the article = x at 5% gain sp of article = x + (5/100) x = 1.05x at 5% loss sp of article = x - (5/100) x = 0.95x given that 1.05x - 0.95x = 1650 0.1x = 1650 x = 1650/0.1 Cost price (x) = Rs. 16500