Answer:
Cost price = R.S 20
Sales price = R.S 22
Explanation:
Given:
Sales price of an article = R.S 23
Profit = 15%
Find:
Cost price
Sales price if profit is 10%
Computation:
Profit% = [(Sales price - Cost price) / Cost price]100
15 = [(23-cp)/cp]100
15cp = 2,300 - 100cp
115cp = 2,300
Cost price = R.S 20
Sales price if profit is 10%
Sales price = Cost price + Profit
Sales price = 20 + 10%[20]
Sales price = 20 + 2
Sales price = R.S 22