1.

A bucket was sold at a loss of 8 % . Had it been sold for rs56 more , there would have been a gain of 12%. What is the Cost Price ? Please explain.

Answer»

Initial COST PRICE be x

A bucket was SOLD at a loss of 8 %
so, loss = x - 8% of x = 100%x - 8%x = 92%x

Had it been sold for rupees 56 more , there would have been a gain of 12%
92%x + 56 = x + 12% of x
92%x + 56 = 100%x + 12%x
92%x + 56 = 112%x
56 = 112%x - 92%
20%x = 56
20x/100 = 56
20x = 5600
x = 5600/20
x = 280

so intial cost price be x = 280

#MARK as brainliest


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