When sold at a profit of 6%, an article fetches Rs. 715 more than when – InterviewSolution

1.

When sold at a profit of 6%, an article fetches Rs. 715 more than when itsold at a loss of 5%. Find its cost price.

Answer»

Let the cost price is x6% gain = (100+6)/1005% loss = (100-5)/100(106/100)x - (95/100) x = 715

1.06x-0.95x= 7150.11x = 715x= 715/0.11x= 6500cost price = 6500

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