Question
Sushil sold an item at 6% profit. Had he sold it for Rs.
5,760 less, he would have incurred a loss of 10%. Find the cost price of the item.ÂSolution
Let, the cost price of the item be Rs. '100x'. Initial selling price of the item = 1.06 X 100x = Rs. '106x' ATQ, 106x - 5760 = 0.9 X 100x Or, 106x - 5760 = 90x Or, 16x = 5760 Or, x = (5760/16) = 360 So, the cost price of the item = 100x = 100 x 360 = Rs. 36,000
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