A man sold an article at a loss of 12%. If he had sold for

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A man sold an article at a loss of 12%. If he had sold for Rs. 56 more he would have gained 4%. What was the cost price of the article?

Let the C.P. be Rs. y.

S.P. =		88y	= Rs.	22y
		100		25

New S.P. = Rs.			22y	+ 56
			25

From the question ,

∴		22y	+ 56 =	104y	=	26y
		25		100		25

⇒		4y	= 56 ⇒ y =	56 × 25	= Rs. 350
		25		4