Question
A vendor made a profit of 22% on an article, while another
vendor sold the same article for a 19% profit. If the first vendor’s profit was Rs. 45 more than the second vendor’s profit, what was the cost price of the article?Solution
ATQ;
Let the cost price of the article = Rs. ‘x’
Selling price of the article for the first vendor = Rs. ‘1.22x’
Selling price of the article for the second vendor = Rs. ‘1.19x’
ATQ;
(1.22x – 1.19x) = 45
Or, 0.03x = 45
So, x = 45 / 0.03 = 1500
Therefore, cost price of the article = Rs. 1,500
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