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| Question: By selling a product a seller is gaining 10% on selling price. If he sells that product Rs.80 less, he would have been losing 10%. What is the cost price?
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| June 06, 2005 03:01:37 |
#5 |
| Arvind |
Member Since: Visitor Total Comments: N/A |
RE: By selling a product a seller is gaining 10% on selling price. If he sells that product Rs.80
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Let X be the original price of the product.
If the product is sold at Rs. 80 less then original price, he would suffer 10% loss.
So it will be
(x-80) = x-10x/100
or,
x-800 = 9x/10
or,
10x-9x=800
or,
x=800
So, the original sot of product is Rs. 800
and,
Selling price is (10% in profit)
Rs. 880 |
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