Question
'D' sells a piece of art at a profit of 25%. Had the profit percentage earned on selling the piece of art been numerically equal to the cost price of the piece of art, then the profit earned on selling the piece of art now would have been 300% more than previously. Find the actual cost price of the piece of art.
Here, the equation simplifies directly to x = 1. Therefore, the actual cost price of the piece of art = 100x = 100 x 1 = Rs. 100.More Profit and loss Questions
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