A man sells an article at 5% above its cost price. If he

Home » Aptitude » Profit and Loss » Question

A man sells an article at 5% above its cost price. If he had bought it at 5% less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10%. The cost price of the article is

Suppose C.P. of article = Rs. y

S.P. at 5% profit = Rs.		105y		= Rs.	21y
		100			20

New C.P. of article =	95y
	100

New C.P. of article = Rs.	19y
	20

S.P. = Rs.		19y	×	110
		20		100

New C.P. of article = Rs.		209y
		200

According to the question ,

		21y	-	209y	= 2
		20		200

⇒	210y - 209y	= 2
	200

⇒	y	= 2
	200

⇒ y = Rs. 400